British Petroleum (BP) is going to sell their assets in Canada, Texas and Egypt, to fund the clean-up operation of oil spill in Gulf of Mexico.

BP already had made a deal of $7 billion with Apache Corp. it is a US-base oil production company.

The earnings will be used to fund the clean-up expenses and the amount of damages and claims of the people and businesses been damaged by the oil spill disaster.

US Incident Commander Admiral Thad Allen said that the pressure test being conducted by BP appeared to be firm and stable.

They have found five leaks around the valves of the well, which they shut it using a new cap. Still there are only some minor drips rather than serious problems with regard the leaks.

According to Allen, the oil giant and the US government are still discussing about the possible tactic to use to stop the spill, it is called the static-kill, and it is a process of pumping drilling mud and cement to stop the leak flows into the well.

BP chairman Carl-Henric Svanberg said the agreement they have with Apache was the very first assets sale the company made to fund the amount costs by the spill.

The assets being sold by their company, includes gas processing plants and oil fields in New Mexico and Texas that worth $3.1 billion, while their Western Canadian gas business gave them an amount of $3.25 billion to cover their expenses .

With regard to their deal in Apache, it will also include the oil exploration and production of assets in Egypt that gave them an amount worth $650 million.

There still some assets that the oil giant considers to put on sale, their assets in Pakistan and Vietnam, Chile, Bolivia and Argentina are thought to have a value of $9 billion, which they are going to use to fund further expenses of the ongoing clean-up process in the Gulf of Mexico.