Apache, Occidental Could Bid For BP Alaska Assets

BP (NYSE: BP), Europe's largest oil company by production volume, will attempt to sell a stake in its Prudhoe Bay assets in Alaska again after failing to sell them to Apache (NYSE: APA) earlier this year.

Apache, the largest U.S. independent oil and gas producer, is viewed as a potential buyer for the stake, according to industry analysts. Texas-based Apache has already purchased $7 billion in assets from BP.

BP is looking to sell half of its 26% stake in Prudhoe Bay, one of the largest U.S. oil fields. California-based Occidental Petroleum (NYSE: OXY), the fourth-largest U.S. oil company, is also considered to be a potential suitor.

BP remains in talks with its Russian venture, TNK-BP, to sell its assets in Venezuela and TNK-BP may also be taking a look at BP's Vietnam assets, according to the Financial Times.