What percentage of the Browse natural gas project is BP selling, and what will its remaining stake be after the transaction?

BP is selling a 5% stake in the Browse natural gas project to GS Energy Corp., reducing its working interest from 44.33% to 39.33%, as stated in BP's emailed statement.

Why has the Browse project faced criticism, and what is its current environmental approval status?

The Browse project has faced criticism for its plan to drill near the ecologically sensitive Scott Reef in the Indian Ocean, and it has not yet received environmental approval.

BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy

Jun 1, 2026

BP Plc has agreed to sell a 5% stake in its Browse natural gas project to South Korea’s GS Energy Corp, retaining a 39.33% working interest. The deal supports Asian liquefied natural gas importers diversifying supplies amid regional energy security concerns.

bloomberg

2026-06-01

BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy

BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy

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