BP sells Norwegian asset to Shell

BP has announced yet another asset sale, this time in the Norwegian Sea, as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil disaster in 2010.

BP has announced yet another asset sale, this time in the Norwegian Sea, as it continues to raise funds to pay off costs relating to the 'Deepwater Horizon' oil disaster in 2010.

The company said it had agreed to sell its 18.36% non-operated interest in the Draugen field in the Norwegian Sea to Shell for $240m in cash.

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