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U.S.: BP and Plains E&P get antitrust clearance for Gulf of Mexico deal

By  |  October 3, 2012
U.S.: BP and Plains E&P get antitrust clearance for Gulf of Mexico deal

Plains, an Exploration & Production of oil company, purchased oil and natural gas assets in the Gulf of Mexico from British Petroleum (BP) for $5.55 billion USD. The purchase of these assets does not pose any competition concern, according to the US watchdog. The assets are part of a $6.1 billion US deal Plains fashioned with BP and fellow major Shell at the start of September. The deal was announced September 10.

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