BP Said to Review North Sea Assets as New CEO Eyes Disposals (2)

BP 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.

BP’s review is ongoing and there’s no certainty that the company will decide to pursue any divestment in the North Sea, the people said, asking not to be identified as the information is private.

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