BP to Sell North Sea Business After 60 Years
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BP has announced its intention to sell its North Sea business, which has been operating for over 60 years. The energy giant employs around 1,100 people in the region and produces approximately 100,000 barrels of oil and gas per day. CEO Meg O'Neill stated that the business would have better prospects as part of another company, reflecting BP's approach to capital allocation and portfolio optimization.
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