Hess becomes operator of Tubular Bells field

Hess Corp. has acquired an additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million.

Offshore staff

NEW YORK -- Hess Corp. has acquired an additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million.

The increased ownership will bring Hess' working interest in Tubular Bells to 40%. The company also gains operatorship of the field. Chevron holds a 30% interest and BP will retain 30%.

10/01/2010

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