BP Acquires Oxy's Pakistan Assets

Source: www.gulfoilandgas.com 4/23/2007, Location: Asia

BP will acquire all of Oxy's remaining interests in Pakistan. At year-end 2006, Oxy's net proved Pakistan reserves were approximately 3 million Bbls of oil and 68 Bcf of natural gas. Pakistan's current average daily production is approximately 3,800 net barrels of oil per day and 73 net million cubic feet of natural gas per day.

Oxy will reclassify its Pakistan assets as discontinued operations.


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