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BP to sell North Sea assets for $1.1 bln to Taqa  Join our daily free Newsletter

MENAFN - AFP - 28/11/2012

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(MENAFN - AFP) 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 (850 million euros) to help pay for the devastating 2010 US Gulf of Mexico oil spill.

"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 British energy giant said in a statement.


 






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