•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    BP to sell non-operated interest in North Sea Sean gas field to SSE

    BP

    As part of its strategy to sell certain non-operated North Sea oil and gas assets, BP has agreed to sell its non-operated 50% stake in the Sean gas field in teh UK North Sea to SSE plc for $288 million in cash.

    Sean is a gas field in the Southern North Sea and is operated by Shell. Current net BP production from Sean is around 18,000 barrels of oil equivalent per day.

    Completion of the deal is anticipated during the first half of 2013, subject to regulatory approval.

    Jefferies acted as financial adviser to BP in relation to the transaction.

    In the last two weeks BP has also completed the sale of its non-operating stakes in the Alba and Britannia fields to Mitsui and the Draugen field in Norway to Shell, deals that were announced earlier in 2012.

    Most Popular

    Related Articles

    Serica Energy acquires interest in North Sea field

    06/08/2015

    Serica Energy plc has completed a transaction to purchase an 18% interest in the producing North Sea Erskine field from BP.

    Halliburton reaches agreement with BP

    05/21/2015 Halliburton has reached an agreement with BP Exploration & Production Inc. to resolve remaining issues, which includes indemnities between the parties and dismissal of all claims against each o...

    BP plans to divest partial stake in Australian oil venture

    05/19/2015 BP Plc expects to divest a partial stake of the company’s oil project off southern Australia, ahead of exploration scheduled to begin in late 2016 and estimated to cost more than $800 million (A$1 ...

    BP appoints new non-executive directors

    05/14/2015

    BP’s board has appointed Paula Rosput Reynolds and Sir John Sawers as non-executive directors.

    Statoil names board recommendations

    05/06/2015 Statoil’s Nomination Committee has recommended that the company's corporate assembly elect Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of direct...

    Satellite production comes on stream at Kizomba, offshore Angola

    05/05/2015 The Kizomba Satellites Phase 2 project in Block 15 offshore Angola has come on stream. Block 15 is operated by Esso Angola (with a 40% interest). Other partners include Statoil (13.33% interest), B...

    More Oil & Gas Financial Articles

    Serica Energy acquires interest in North Sea field

    Mon, Jun 8, 2015

    Serica Energy plc has completed a transaction to purchase an 18% interest in the producing North Sea Erskine field from BP.

    Halliburton reaches agreement with BP

    Thu, May 21, 2015

    Halliburton has reached an agreement with BP Exploration & Production Inc. to resolve remaining issues, which includes indemnities between the parties and dismissal of all claims against each other, relating to the April 20, 2010, Deepwater Horizon well incident in the Gulf of Mexico.

    BP plans to divest partial stake in Australian oil venture

    Tue, May 19, 2015

    BP Plc expects to divest a partial stake of the company’s oil project off southern Australia, ahead of exploration scheduled to begin in late 2016 and estimated to cost more than $800 million (A$1 billion), according to Bloomberg.

    BP appoints new non-executive directors

    Thu, May 14, 2015

    BP’s board has appointed Paula Rosput Reynolds and Sir John Sawers as non-executive directors.

    Statoil names board recommendations

    Wed, May 6, 2015

    Statoil’s Nomination Committee has recommended that the company's corporate assembly elect Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of Statoil's board of directors.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ