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BP announced the intention of selling its interests in UK

February 22/2011

(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 BPs 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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