BP seeks to sell North Sea oil and gas assets after 60 years
Oil giant BP is seeking to sell its North Sea operations, which produce 100,000 barrels of oil and gas daily, after 60 years in the region.
British energy giant BP is planning to sell its North Sea oil and gas platforms after operating in the region for six decades. The assets currently produce approximately 100,000 barrels of oil and gas per day.
According to statements reported by the Financial Times, executive leadership indicated that the North Sea operations would be better positioned under another company's ownership. The potential divestment marks a significant shift for the energy producer, reflecting evolving strategic priorities across its global upstream portfolio. Further details regarding potential buyers or a formal timeline for the sale process have not yet been disclosed.
Sources: Dagens Industri.