Anadarko to divest its Bohai Bay, China, subsidiary

Anadarko Petroleum Corp. has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for $1.075 billion.

Feb 18th, 2014

Offshore staff

HOUSTON
Anadarko Petroleum Corp. (NYSE: APC) has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for $1.075 billion.

The subsidiary to be divested owns Anadarko’s non-operating interest in the Bohai Bay field. The transaction is expected to close later this year.

02/18/2014

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