An Apache Corp. subsidiary will sell its non-operated interest in the massive Lucius and Heidelberg deep-water Gulf of Mexico developments as part of a $1.4 billion deal with Freeport-McMoRan Copper & Gold subsidiary, according to a Thursday morning announcement from Apache.
A recent pairing between Baker Hughes and a Norwegian subsea equipment maker will enable engineers from both companies to tinker with massive subsea pumps and other technology geared to flush out more oil from deep-water reservoirs.
FMC Technologies’ new ISOL-8 Pump is small enough and light enough to be installed permanently on a remote-operated vehicle, or ROV, while still handling the wide variety of fluid types common to the subsea intervention world.
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