•  
  •  
  •  
  •  
  •  
  • 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

    Ensco to cut onshore personnel by 15%

    02/19/2015

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    Dakota Plains adds board members, forms strategy committee

    02/13/2015 Dakota Plains Holdings Inc.’s board of directors has added two independent directors to the board. It has also formed a Strategy Committee, comprising independent directors, and has engaged SunTrus...

    NGP Energy Capital Management makes executive changes

    02/11/2015

    NGP Energy Capital Management has made two changes to its executive team.

    Petrobras finds oil at Basilisco well in Campos Basin

    02/05/2015

    Petroleo Brasileiro SA (Petrobras) has discovered new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer offshore Brazil.

    Dana Gas expands operations in Egypt

    02/03/2015 Dana Gas has reached major milestones in the fulfillment of its growth strategy in Egypt, including the signing of concession agreements for Blocks 1 and 3 in the Nile Delta, a recent signing of a ...

    Chevron, BP, and ConocoPhillips form Gulf of Mexico alliance

    01/28/2015 Chevron Corp.’s subsidiary, Chevron USA Inc., will work with BP and ConocoPhillips to explore and appraise 24 jointly held offshore leases in the northwest portion of Keathley Canyon in the deepwat...

    More Oil & Gas Financial Articles

    Ensco to cut onshore personnel by 15%

    Thu, Feb 19, 2015

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    Dakota Plains adds board members, forms strategy committee

    Fri, Feb 13, 2015

    Dakota Plains Holdings Inc.’s board of directors has added two independent directors to the board. It has also formed a Strategy Committee, comprising independent directors, and has engaged SunTrust Robinson Humphrey Inc. to assist the committee.

    NGP Energy Capital Management makes executive changes

    Wed, Feb 11, 2015

    NGP Energy Capital Management has made two changes to its executive team.

    Petrobras finds oil at Basilisco well in Campos Basin

    Thu, Feb 5, 2015

    Petroleo Brasileiro SA (Petrobras) has discovered new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer offshore Brazil.

    Dana Gas expands operations in Egypt

    Tue, Feb 3, 2015

    Dana Gas has reached major milestones in the fulfillment of its growth strategy in Egypt, including the signing of concession agreements for Blocks 1 and 3 in the Nile Delta, a recent signing of a gas production enhancement agreement, and the receipt of a $60 million (AED 220 million) payment made by the Egyptian government in December 2014.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ