According to reports, British Petroleum has contacted a number of energy companies for selling US$1 billion worth of North Sea assets. British Petroleum has not commented on this immediately.
Integrated media reported on December 7 that BP has contacted several UK-focused energy companies on possible sale of about $1 billion of North Sea assets.
The Daily Telegraph quoted companies and bankers as saying on the 7th that the troubled oil and gas company had already established a pre-tender basis for any pre-auctionary non-core portfolios. They made contact.
An energy company executive said, “We have always considered some natural gas assets, but it is only an early stage.†“It's time to see if it is a good choice.â€
The newspaper has not yet quoted sources as saying that oil giant ExxonMobil is also seeking to sell about $2 billion worth of North Sea assets because this low-margin oil field is becoming a big company for high dividend policy. Less and less attractive.
British Petroleum has yet to have a spokesman to comment on the matter immediately.
British Petroleum said in early 2010 that it will sell $30 billion of assets as part of its fundraising strategy, which will cover the cost of its April Gulf oil spill.
Integrated media reported on December 7 that BP has contacted several UK-focused energy companies on possible sale of about $1 billion of North Sea assets.
The Daily Telegraph quoted companies and bankers as saying on the 7th that the troubled oil and gas company had already established a pre-tender basis for any pre-auctionary non-core portfolios. They made contact.
An energy company executive said, “We have always considered some natural gas assets, but it is only an early stage.†“It's time to see if it is a good choice.â€
The newspaper has not yet quoted sources as saying that oil giant ExxonMobil is also seeking to sell about $2 billion worth of North Sea assets because this low-margin oil field is becoming a big company for high dividend policy. Less and less attractive.
British Petroleum has yet to have a spokesman to comment on the matter immediately.
British Petroleum said in early 2010 that it will sell $30 billion of assets as part of its fundraising strategy, which will cover the cost of its April Gulf oil spill.
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