BP set to offload stake in UK gas field

BP has agreed to sell its 50% interest in the Shell-operated Sean gas field in the UK southern North Sea to SSE for $288 million.

Offshore staff

LONDON – BP has agreed to sell its 50% interest in the Shell-operated Sean gas field in the UK southern North Sea to SSE for $288 million.

The deal is expected to be completed during the first half of next year, subject to regulatory approval. BP’s current net production from Sean is about 18,000 boe/d.

Over the past two weeks the company has completed the sale of its non-operating stakes in theAlba and Britannia fields in the UK central North Sea to Mitsui, and in the Draugen field in the Norwegian Sea to Shell.

12/17/2012

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