Investment firms eye BP North Sea assets
The article discusses how British oil company BP is preparing to sell its assets in the North Sea, which are valued at approximately 2 billion GBP (around 2.7 billion USD), amid interest from investment firms such as Adora and New Next+. The company attributed its decision to withdraw to the declining attractiveness of investing in the region, due to changes in tax policies and British restrictions on exploration activities. BP emphasized that future government policy changes would not influence their decision to sell. This move is part of a broader plan to divest company assets and reduce debt, following the sale of a stake in Castrol and a German refinery, and the initiation of sale procedures for Arkea Energy.
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