BP will sell assets worth 12 billion.

<P Align=center> </ P> <P> </ P> <P align=center> French oil giant Total, the company's CEO said it would consider the acquisition of BP-related assets </ P> <P> EDT July .11 (Beijing time on July 12), according to U.S. media reports, British Petroleum (BP) is working with the U.S. Apache (ApacheCorp.) to discuss the sale of assets of a 12 billion plan to raise funds to deal with the Gulf of leakage .brought about by oil price compensation. .</ P> <P> U.S. Apache Oil Company is headquartered in Houston, is the largest of a U.S. listed oil company. .According to two insiders said, oil companies BP and Apache start negotiations in a few weeks ago, involving a transaction value less than 120 billion U.S. dollars, including the BP-owned oil fields in Alaska. .</ P> <P> early as 2003, Apache Oil Company had 1.3 billion dollars to buy British Petroleum's assets in the Gulf of Mexico and the North Sea. .Today June, Apache Corporation has just completed another 1.05 billion U.S. dollars worth of energy assets acquired. .Apache has always been analysts to become "smart buyers" because of the acquisition the company will usually bring many years of sustained profit growth. .</ P> <P> British Petroleum and Apache Corporation declined to comment on the matter. .</ P> <P> because of the adverse impact of the Gulf oil spill, BP is facing a huge compensation for risk. .BP has said that to deal with the cost of the Gulf of Mexico oil spill has reached 3.12 billion U.S. dollars, before the company has agreed to set up the administration requested $ 20,000,000,000 Compensation Fund. .Nevertheless, the recent U.S. Senate Environmental and Public Works Committee by a vote, agreed to lift BP's oil spill compensation limit of $ 75,000,000. .This means that the oil spill will allow BP to pay tens of billions of dollars in price. .</ P> <P> British Petroleum has announced that the next 12 months will be financed through the sale of 10 billion U.S. dollars of assets, which assets are also attracted considerable interest in peers. .French oil giant Total, the company's CEO said it would consider the acquisition of related assets. .In addition to oil fields outside of Alaska, BP also plans to sell its own in Colombia, Venezuela and Viet Nam's oil and gas fields, and even a 60% stake in its second-largest oil company in Argentina - Pan American Energy (PanAmericanEnergyLLC). .(Jiao Yu sent from Los Angeles) </ P>.