OGJ Newsletter

07/07/2014
IntGENERAL INTEREST — Quick Takes Freeport-MMR completes purchase of gulf assets Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., has completed its $1.4 billion acquisition of certain interests in the deepwater Gulf of Mexico from Apache Corp. (OGJ Online, May 8, 2014). The deal encompasses interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases. Following the exercise of preferential purchase rights by other working interest owners in the Lucius project, Freeport-McMoRan O&G acquired 51.2% of Apache's 11.7% working interest in the Lucius oil development project, 100% of Apache's 12.5% working i...
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