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After 60 Years, BP Puts Its North Sea Future Up for Sale
BP is selling its entire UK North Sea business — five hubs, 1,100 jobs and 117,000 barrels a day — forcing new PM Andy Burnham into an early test on tax, drilling and industrial renewal.
Cosa sapevamo all'inizio
- BP confirmed on 31 July 2026 that its entire UK North Sea business is up for sale.
- The process follows a collapsed deal to sell the same assets to Ithaca Energy for nearly 2bn.
Allora ancora aperto
- No buyer, price, or timetable for completion has been established.
- It is not yet clear what a change of ownership would mean for jobs, investment, and decommissioning.
Cosa avevamo detto di seguire
- Whether Burnham alters windfall-tax and drilling policy in response to industry pressure.
- Whether a credible buyer emerges for the five-hub package, and on what terms.