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Issue 23/2017 - BP to divest shares in 3 fields in the North Sea

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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BP to divest three
North Sea fields On November 21, BP announced that BP will sell its stake in three of its North Sea Bruce assets to Serica Energy
.
BP noted in a statement that it expects to generate around £300 million ($398 million) from the share sale, most of which will be generated
over the next four years.
BP currently operates Bruce assets, which include the Bruce field, Keith and Ram fields and related infrastructure assets
.
The head of Selica Energy said the company will buy a 36 percent stake in the Bruce field, a 34.
83 percent stake in the Keith field and a 50 percent stake in the Ram field, and BP will retain a 1 percent stake
in the Bruce field.

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