BP Sells Gas Field Interest to SSE

BP is to sell its interest in a gas field to SSE for $288 million (€218m). The deal covers a 50% holding in the North Sea's Sean gas field.

 The field, which is operated by Shell, has current production net to BP of 18,000 barrels of oil equivalent per day.

The deal is part of BP's drive to sell off non-operated North Sea assets - in the past fortnight previously-announced deals to sell its stake in the Alba and Britannia fields to Mitsui and the Draugen field to Shell have been finalised.

 Commenting on Monday's deal, BP North Sea president Trevor Garlick said in a statement: "The divestment of BP's interest in the non-core, non-operated Sean field is consistent with our strategy of focusing on high value assets with long term growth potential."