BP sells more assets in Gulf of Mexico

Oil titan BP is to sell off 5.55bn dollars-worth of assets in the deepwater US Gulf of Mexico, marking further progress in its divestment programme as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil spill in 2010.

Oil titan BP is to sell off 5.55bn dollars-worth of assets in the deepwater US Gulf of Mexico, marking further progress in its divestment programme as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil spill in 2010.

The group has agreed to offload a number of oil and gas fields in the area to Plains Exploration and Production: three BP-operated assets (Marlin hub, Horn Mountain and Holstein) and two non-operated assets (Ram Powell and Diana Hoover).

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