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Euronews
Euronews
Indrabati Lahiri

British oil giant BP prepares to sell North Sea business

British Petroleum North Sea Oil United States United Kingdom Andy Burnham Meg ONeill Castrol

British oil and gas giant BP said on Friday that it had launched a process to market its North Sea business for a potential sale, as it looks to focus on its “highest-value opportunities”.

Its North Sea portfolio off the UK coast comprises five production hubs and employs about 1,100 people, BP added in a statement.

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