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Published: March 11, 2010
Devon forges $7 billion deal with BP
By Jay F. Marks

Devon Energy Corp. will sell most of its remaining international assets to industry giant BP for $7 billion, the company announced today.

BP has agreed to buy all of Devon's assets in the deepwater Gulf of Mexico , Brazil and Azerbaijan .

Devon and BP also will form a heavy oil joint venture to develop BP's Kirby oil sands leases in Alberta , Canada .

BP reported it will sell to Devon Energy a 5...

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