BP to sell North Sea assets to Serica Energy in £300m deal
21 November 2017
Oil giant BP has agreed to sell its interest in a number of North Sea assets in a deal worth about £300m.
Serica Energy has bought into the Bruce, Keith and Rhum fields, ВВС reports.
BP said it remained committed to the North Sea, and would continue to invest.
Serica said the deal would make it one of the leading British independent oil companies. Subject to approvals, the sale is expected to be finalised in the third quarter of 2018.
Bernard Looney of BP said: "This is an example of BP's upstream strategy in action - refreshing our portfolio and focusing our activity on assets which will add most value over the long-term.
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