Energy
BP Reviews UK North Sea Assets as New CEO Eyes Disposals
An offshore oil drilling platform in the North Sea.
Photographer: Carina Johansen/BloombergBP Plc is considering potentially exiting part or all of its operations in the UK North Sea, people familiar with the matter said, as the oil giant works to strip assets and pay down debt.
London-listed BP is conducting an internal review of its upstream operations in the UK, which could fetch about £2 billion ($2.7 billion) in a full divestment, according to the people.