Xcite receives more support from BP

AIM-listed oil and gas firm Xcite Energy has amended an agreement with BP Oil International (BPOI) which will see BPOI provide more funding for Xcite's flagship Bentley field in the North Sea.

AIM-listed oil and gas firm Xcite Energy has amended an agreement with BP Oil International (BPOI) which will see BPOI provide more funding for Xcite's flagship Bentley field in the North Sea.

The agreement, originally announced in January 2010, will see BPOI provide the offtake services to market and sell the Bentley crude oil in return for an incentive-based fee per barrel.

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