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Apache completes sale of Lucius and Heidelberg Gulf of Mexico developments


Published Jul 2, 2014
Apache Corporation

Apache Corporation has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold Inc. and other interest owners for $1.4 billion.

Certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on the same terms as those negotiated by Freeport-McMoRan.

Tags: Apache Corporation




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