(BP) -- BP announced today the intention of
selling 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 major projects.
BP aims to complete the divestments around the end of 2011, subject to
receipt of suitable offers and regulatory and third party approvals.
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