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NEWS ARCHIVE

Freeport invest heavily in GoM

FREEPORT-McMoRan Oil & Gas is set to acquire a portion of Apache Energy's interest in the Gulf of Mexico for $US1.4 billion ($A1.49 billion).

Andrew Snelling

The purchase and sale agreement will take in the Lucius and Heidelberg oil production development projects as well as 11 exploration leases. It will be funded through the company's $3.1 billion sale of...

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