LONDON (Reuters) - London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico fields from Devon Energy (Devon Energy Corp) for $7 billion (4.7 billion pounds), the company said on Thursday.
BP has also agreed to sell Devon a 50 per cent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million, it said. The parties will form a 50-50 joint venture, to develop Kirby, to be operated by Devon.
(Reporting by Tom Bergin; Editing by Greg Mahlich)