BP sells £250m North Sea assets

BP has sold assets in the North Sea in a £251.7 million 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 400 million US dollars, as it looks to pay for the Deepwater Horizon spill.