26 April 2024
BP sells North Sea southern gas assets for $400 million
Publication date: 28 March 2012
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BP said on Tuesday that it had agreed to sell its interests in its North Sea southern gas assets (SGA) to Anglo-French independent Perenco for $400 million in cash. The sale is part of BP’s $38 billion divestment plan, and will also help the company to develop a more focused North Sea business, BP said.