Apache completes sale of Lucius, Heidelberg Gulf of Mexico developments Apache (APA) announced that it has completed the previously disclosed sale of non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan (FCX) and other interest owners for $1.4B. Certain working interest owners in the Lucius oil development exercised their preferential rights to purchase their pro-rata share of Apache's interests in Lucius on the same terms as those negotiated by Freeport-McMoRan.
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Egypt signs two oil exploration deals with Apache, Reuters reports Egypt's state news agency MENA reported that the country signed two oil exploration deals worth at least $44M with Apache, reported Reuters. Reference Link