BP announces further sale of assets

Oil giant BP has agreed to the sale of its interests in a number of central North Sea oil and gas fields to TAQA, putting the total value of the assets to be sold at around 37bn dollars since the beginning of 2010.

Oil giant BP has agreed to the sale of its interests in a number of central North Sea oil and gas fields to TAQA, putting the total value of the assets to be sold at around 37bn dollars since the beginning of 2010.

This most recent sale totals $1.058bn, in addition to future payments which, dependent on oil price and production, BP currently expects will exceed $250m.

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