OGJ Newsletter

05/16/2011
GENERAL INTEREST — Quick TakesBrazil approves BP's purchase of blocks from DevonBrazil's National Petroleum Agency (ANP) has given its final approvals for BP PLC to complete the purchase of 10 exploration and production blocks in Brazil from Devon Energy Corp."The completion of this acquisition delivers a material position in some of Brazil's most important hydrocarbon basins," said BP Chief Executive Bob Dudley.Devon Pres. And Chief Executive Officer John Richels said Devon expects to close the deal later this week, adding that the company's focus "is now on its highly competitive North American onshore exploration and production business."BP said the interests ...
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