Jan 7, 2020

BP agrees £474m North Sea assets sell-off to Premier Oil

BP Oil giant BP has agreed a £474m deal to sell a package of North Sea assets. BP said the move was part of a "Reshaping" of its North Sea portfolio. BP. "BP North Sea regional president Ariel Flores said:"BP has been reshaping its portfolio in the North Sea to focus on core growth areas. "We are confident that Premier Oil, already a significant operator in the North Sea, is the right owner of these assets as they seek to maximise their value and extend their life." "Premier chief executive Tony Durrant said:"These acquisitions are in line with our stated strategy of acquiring cash generative assets in the UK North Sea.

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