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المشهد العربي
BP to sell Gulf of Mexico oil stakes
British company BP plans to sell minority stakes in two offshore oil projects in the Gulf of Mexico, namely Caskeda and Tiber, in order to redirect its capital and focus on the oil and gas sector after declining financial performance and market turbulence. The combined production capacity of these projects is expected to reach approximately 80,000 barrels per day, with Caskeda set to start production in 2029 and Tiber in 2030. This move is part of the company's strategy to reduce investments in renewable energy and achieve greater financial flexibility.
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