BP Sells North Sea Stakes to Mitsui for $280M
LONDON (AP) — Energy company BP PLC says it has agreed to sell its interests in two North Sea oil fields to Mitsui & Co. for $280 million.
BP said Tuesday that the sale includes a 13.3 percent stake in Alba and a near 9 percent stake in Britannia.
The announcement comes a day after BP said it sold some of its operations in Wyoming to LINN Energy for $1 billion.
BP says it has sold assets worth about $24 billion since 2010. The company has set a target of $38 billion in asset sales to help pay for the costs of the Gulf of Mexico well blowout and oil spill.