BP sells some assets to Taqa

DHAKA: BP said on Wednesday that it will sell a package of North Sea assets to Abu Dhabi national oil firm TAQA for about $1.1 billion to help pay for the devastating 2010 US Gulf of Mexico oil spill.

The British energy giant said in a statement, reports daily Hurriyet.

‘BP announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million,’ the statement said.

BDST: 1649 HRS, NOV 28, 2012
Edited by Robab Rosan, Cultural Affairs Editor