The latest BP asset sale to offset costs from the Gulf of Mexico oil spill involves the divestiture of its Pakistan operations. London-based BP will sell the assets to Hong Kong-based United Energy Group Limited for $775 million in cash. Freshfields and Dewey are advising on the deal.
December 16, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The latest BP asset sale to offset costs from the company’s oil spill in the Gulf of Mexico earlier this year involves the divestiture of its operations in Pakistan.
London-based BP has agreed to sell its Pakistan assets to Hong Kong-based United Energy Group Limited for $775 million in cash, according to press reports and a statement from the British oil giant. (Click here for a list of assets included in the Pakistan deal compiled by BP.)
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