Belfast Telegraph

BP sells off North Sea platforms for £251m

By Peter Cripps

Bp has sold assets in the North Sea in a £251.7m deal but insisted it is still committed to developing around the UK.

The British supermajor has agreed to sell a number of manned and unmanned platforms off the coast of Yorkshire and a terminal at Dimlington to oil and gas company Perenco for $400m, as it looks to pay for the Deepwater Horizon spill.

But BP said it still has ambitious plans for the North Sea, and is building four major projects in UK waters and two near Norway as part of a £10bn investment programme over the next five years with other major players in the industry.

The projects, which include the giant Clair field, west of the Shetland Islands, represent its biggest ever annual investment in the UK's offshore industry.

It is expected that the projects will provide 3,000 jobs.