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BP To Sell North Sea Assets
BP is seeking to sell some of its oil and gas interests in the U.K.
BPis seeking to sell some of its oil and gas interests in the U.K.,The Wall Street Journalreports. The British energy company is planning to sell its gas fields in the southern North Sea, including associated pipeline infrastructure and an onshore oilfield in Dorset, addsBloomberg.
The London-based company is selling its assets to cover an expected bill of $40 billion relating to the oil spill off the U.S. coast in 2010. BP has not disclosed the price of its U.K. assets.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromBloomberg.