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BP to sell Sean gas field stake to SSE PLC

BP has agreed to sell its 50% nonoperated in Sean natural gas field in the southern UK North Sea to SSE PLC of Perth, Scotland, for $288 million.

Production of the field net to BP is about 18,000 boe/d. Shell is operator.

The sale, which is subject to regulatory approval, is part of program BP has announced to sell nonoperated North Sea interests.

BP earlier agreed to sell interests in Alba and Britannia fields to Mitsui and in Draugen field offshore Norway to Shell (OGJ Online, June 26, 2012; Sept. 13, 2012).


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http://www.ogj.com/content/ogj/en/articles/2012/12/bp-to-sell-sean-gas-field-stake-to-sse-plc.html