BP to Sell Four Oil Fields in Gulf of Mexico for $650 Million
The company will sell the fields to Marubeni Oil and Gas, a unit of Japan's Marubeni Corp., The Wall Street Journal said. The deal could be completed by early 2011.
BP has been selling assets worldwide to pay for the clean up of the Gulf of Mexico oil spill, the worst environmental disaster in U.S. history.
The company has already sold assets worth more than $11 billion in countries including the U.S., Colombia and Egypt.