BP in talks to sell non-strategic Gulf of Mexico oil fields

published 10 September 2012

Oil major BP is in advanced talks to sell a group of oilfields in the Gulf of Mexico to US outfit Plains Exploration&Production, said two people with knowledge of the matter, according to reports in The Wall Street Journal and Bloomberg.

According to one of those sources Plains is discussing a price of about $6bn and may reach an agreement within days.

The above is part of BP chief executive officer Bob Dudleys plan to sell $38bn in assets by the end of next year -including non-strategic ones in the Gulf of Mexico- following the accident at its Macondo well.