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GE to Invest $150 Million in Partnership with ATP for Domestic Oil and Gas Production Unit in Gulf of Mexico.

Publication: Energy Business Journal
Publication Date: 20-MAR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
GE Energy Financial Services, a unit of GE (NYSE: GE), has agreed to invest $150 million in a partnership with Houston-based ATP Oil & Gas Corporation (NASDAQ: ATPG) which will own and operate a floating oil and gas production unit in deepwater Gulf of Mexico. Subject to completion of customary closing conditions, GE Energy Financial Services will invest $150 million for a 49 percent limited partnership stake, its first investment in a floating oil...

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