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BP to Sell Sean Gas Field Interest to SSE Plc for $228 Million
Dec. 17, 2012 08:28AM PST
Resource InvestingReuters reported that BP has agreed to sell its interest in the Sean gas field, located in the UK North Sea, to SSE Plc for $288 million.
Reuters reported that BP has agreed to sell its interest in the Sean gas field, located in the UK North Sea, to SSE Plc for $288 million.
As quoted in the market report:
The sale of BP’s non-operated 50 per cent stake in Sean will give SSE access to total net proven and probable reserves of about 1.7 billion therms over the life of the field.