BP veteran Browne builds US Gulf oil acreage

[riky]

BP veteran Browne builds US Gulf oil acreage

<p><a href="http://news.yahoo.com/bp-veteran-browne-builds-us-gulf-oil-acreage-084648370.html"><img src="http://l2.yimg.com/bt/api/res/1.2/PkXYu2TwwMLh4G3Vay0LSA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T084648Z_1_CBRE96I0OE400_RTROPTP_2_US-APACHE-SALE-BPVETERAN.JPG" width="130" height="86" alt="REUTERS/Paul Hackett" align="left" title="REUTERS/Paul Hackett" border="0" /></a>LONDON (Reuters) - Former BP chief executive John Browne is to preside over the biggest set of oil and gas assets in the shallower, mature section of the Gulf of Mexico after buying them from U.S.-based Apache Corp . Private equity firm Riverstone Holdings LLC, where Browne is a partner, is to pay Apache $3.75 billion for its continental shelf assets, Houston-based Apache announced on Thursday. The area covering 1.9 million net acres and 500 blocks will be held through a Riverstone portfolio company, Fieldwood Energy LLC, Riverstone said in its own statement. ...</p><br clear="all"/>

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