Tous Actualités
Suivre
Abonner BP plc

BP plc

euro adhoc: BP PLC
Mergers - Acquisitions - Takeovers
BP AND AMERADA HESS AGREE SWAP (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
January 30, 2003
BP AND AMERADA HESS AGREE SWAP
BP has agreed an exchange of interests with Amerada Hess under which
BP willswap its 25 per cent interest in block A-18 of the Malaysia
Thailand Joint Development Area (JDA), for Amerada Hess's interests
in Colombia.
The Colombian interests include a 12 per cent stake in the Santiago
de las Atalayas, Tauramena and Rio Chitamena contracts, in which the
Cusiana and Cupiagua fields are located; 10 per cent in the Recetor
Association contract; and a 9.6 per cent stake in the OCENSA
pipeline.
Amerada Hess will also make a balancing payment to BP of $10 million.
The exchange allows both companies to consolidate their portfolios in
their respective areas and focus on activities where they already
have material upstream businesses. It adds some 58 million barrels of
proven reserves to BP's Colombian portfolio.
The deal is subject to certain regulatory approvals and
notifications. Completion is expected in the first half of 2003.
Notes to editors:
· Following the transaction, ownership of the Colombian assets will
be:
SDLA/Tauramena/Rio Chitamena: BP 31 per cent*, TotalFinaElf 19 per
cent, Ecopetrol 50 per cent
Recetor:  BP 50 per cent*, Ecopetrol 50 per cent
OCENSA:  Ecopetrol 35.29 per cent, BP 24.8 per cent*, TOTAL
Pipeline Colombia 15.2 per cent, Enbridge 24.71 per cent
*After consolidating interests with Triton Colombia Inc and Triton
   Pipeline Colombia
· Current production from the Cusiana/Cupiagua fields is          
some 190,000 barrels per day gross, with a further 25,000 barrels per
day gross from the Recetor licence.
- ENDS -
This information is provided by RNS
   The company news service from the London Stock Exchange
end of announcement        euro adhoc 30.01.2003

Further inquiry note:

Further enquiries: Clare Bebbington, BP press office, tel: +44 (0)20 7496 4851

Branche: Energy
ISIN: GB0007980591
WKN: 850517
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Niedersächsische Börse zu Hannover / free trade
Börse Düsseldorf / official dealing
Frankfurter Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
London Stock Exchange / official dealing
SWX Swiss Exchange / official dealing

Plus de actualités: BP plc
Plus de actualités: BP plc
  • 30.01.2003 – 11:20

    euro adhoc: BP PLC / Disposal (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. January 30, 2003 BP COMPLETES DISPOSAL OF BURMAH CASTROL CHEMICALS BUSINESSES WITH SALE OF FOSROC MINING BP announced today that it has reached agreement to sell Fosroc Mining, the speciality mining chemicals business of Burmah Castrol, to funds managed by Close Brothers Private Equity Ltd. Fosroc Mining will be purchased from Burmah Castrol plc and ...

  • 29.01.2003 – 13:41

    euro adhoc: BP PLC / Notice of Results (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Dear Sirs BP GROUP RESULTS FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2002 AND QUARTERLY DIVIDEND ANNOUNCEMENT I write to inform you that the Group results for the fourth quarter ended 31 December 2002 and the quarterly dividend will be announced through the Regulatory News Service at 10.00 a.m. (Greenwich ...

  • 14.01.2003 – 12:12

    euro adhoc: BP PLC / Trading Statement (E)

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. January 14, 2003 BP 4Q'02 TRADING UPDATE This trading update is aimed at providing an overview of the revenue and trading conditions experienced by BP during the fourth quarter ending December 31, 2002. The fourth quarter volume, realisations, margin, demand, debt, tax rate and ...