Market Chatter: BP North Sea Assets Draw Acquisition Interest From EnQuest

MT Newswires Live09-03 18:46

BP (BP) has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported Thursday, citing an interview with EnQuest chief executive officer Amjad Bseisu.

BP initiated a marketing process in late July to sell its UK North Sea portfolio, signaling a major retreat from the region, the report said.

EnQuest has previously acquired regional interests from BP, including an initial 25% stake in the Magnus field in 2017, the report added.

BP did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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