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Freeport-McMoRan to buy deepwater gulf assets for $1.4 billion

08.05.2014 / Energyboardroom

Freeport-McMoRan Oil & Gas LLC, a subsidiary of Freeport-McMoRan Copper & Gold Inc., has entered into a definitive purchase and sale agreement with Apache Corp. to acquire certain interests in the deepwater Gulf of Mexico, including interests in the Lucius and Heidelberg oil production development projects and 11 exploration leases, for $1.4 billion, effective May 1.

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