• Restoring sanity to SA

    We should be driven by the thought that SA belongs to all who live in it, says Solly Moeng.

  • Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

All data is delayed
Loading...
See More

BP sells stake in North Sea gas field

Dec 17 2012 02:04
AFP

London - British oil giant BP said on Monday that it had agreed to sell its 50% stake in a North Sea gas field to energy firm SSE as part of its divestment plans.

"BP announced today that... it has agreed to sell its interest in the Sean gas field in the UK North Sea to SSE plc for $288m in cash," it said in a statement, adding it will complete the deal in the first half of 2013.

Sean is a gas field in the southern North Sea and is operated by Anglo-Dutch rival Shell. BP's current net BP production from Sean is around 18,000 barrels of oil equivalent per day.

The latest disposal comes as BP seeks to sell $38bn worth of assets by the end of 2013 to help pay for cleaning up and for compensation after its the US Gulf oil spill disaster.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

bp

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...