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Freeport's deleveraging continues

Copper and O&G producer manages to offload Gulf assets

Daniel Gleeson
The deep-water oil and gas assets in the Gulf of Mexico represent just over half Freeport’s production

The deep-water oil and gas assets in the Gulf of Mexico represent just over half Freeport’s production

The Phoenix, Arizona-based copper and petroleum group has agreed a US$2 billion purchase price with New York-listed Andarko, which could rise to $2.15 billion based on contingency payments. Back in January...

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