BP intends to sell interests in southern North Sea gas fields

Global oil and gas company BP announced today that it intends to sell its interests in a number of operated oil and gas fields in the UK.

The assets involved are the Wytch Farm onshore oilfield in Dorset and all of BP’s operated gas fields in the Southern North Sea, including associated pipeline infrastructure and the Dimlington terminal.

BP anticipates that the staff currently working on these assets will transfer employment to the new buyer when the divestments are completed.

These divestments will allow BP to focus resources and investment on its diverse central North Sea, northern North Sea, West of Shetland and Norway assets and on successful delivery of its new projects.