Key facts
- BP is in talks to sell UK North Sea assets to Ithaca Energy.
- The potential sale is valued at £2 billion.
- The assets are located in the North Sea.
- The deal is not finalized.
BP has engaged in discussions concerning the potential sale of its United Kingdom North Sea assets to Ithaca Energy. The Financial Times reported that the value of this prospective transaction is approximately £2 billion. The assets in question are described as significant holdings within the North Sea region. This potential divestment by BP could reshape its operational footprint in the area, while Ithaca Energy would likely expand its portfolio. The report is based on talks, and the deal is not finalized.