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BP to exit Brazil's Polvo oil field

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LONDON (AP) — Oil company BP says it is selling its majority stake in Brazil's Polvo oil field for $135 million in cash to HRT Oil & Gas. BP gained its 60 percent stake in Polvo from Devon Energy in 2011 as part of a purchase in ten exploration and production blocks. Maersk owns the other 40 percent and the field, located approximately 100 kilometers (60 miles) off the coast of Rio Di...