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BP's proposed UK North Sea fields sale

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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.

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    • 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.
    • 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.
    • 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.

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Люди

  • Meg O'NeillAmerican chief executive

Места

  • London
  • North Sea