BP reviews potential exit from UK North Sea operations
The energy major is conducting an internal review of its UK upstream business. A full divestment of these assets could be worth approximately 2 billion pounds.
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BP PLC is reportedly considering a sale of its United Kingdom North Sea operations, a divestment that could fetch $2.72B. The internal review covers part or all of BP's upstream assets in the region. A total exit would signal a major shift in BP's geographic focus toward higher-growth global basins.
