LSE:BP.Oil and Gas
BP (LSE:BP) In Talks To Sell North Sea Portfolio For £2 Billion
BP (LSE:BP) is reported to be in talks to sell its entire North Sea oil and gas production portfolio to Ithaca Energy for about £2 billion.
The potential deal would represent an exit from a region that has long been central to BP's operations in UK waters.
The discussions are taking place against the backdrop of ongoing debate over the North Sea windfall tax and its effect on investment decisions.
BP is one of the world's largest integrated energy companies, with activities across oil, gas...