BP, Apache $12B Deal Could Be Done By July 27 - Sunday Times

LONDON (Dow Jones)--BP PLC's plans to sell up to $12 billion of assets to Apache Corp. (APA) are moving swiftly, U.K. newspaper the Sunday Times reports. Sources close to the deal suggest it could be done by the time BP reveals its half-year earnings July 27, the paper said. According to the report, the company is close to hiring HSBC to run the $1 billion sale of BP's Vietnam business. -By London Energy Desk, Dow Jones Newswires +44 207 842 9262; selina.williams@dowjones.com (END) Dow Jones Newswires July 18, 2010 05:22 ET (09:22 GMT)