Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BP to Auction $3.2 Billion North Sea Fields Assets, Times Says

March 25 (Bloomberg) -- BP Plc started its biggest auction of North Sea fields, putting up assets valued at 2 billion pounds ($3.2 billion) after the U.K. offered tax breaks for the industry, the Sunday Times reported.

In a separate deal, Kuwait Foreign Petroleum Exploration Co. may buy Ithaca Energy Inc., the newspaper reported. Both potential deals follow the U.K.’s decision to cover as much as 75 percent of clean-up costs for old fields, it reported.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.