BP Said to Seek Colombia, Venezuela, Vietnam Sales

BP Plc, seeking cash to meet the costs of the worst U.S. spill, is considering selling fields in Colombia, Venezuela and Vietnam, a person with knowledge of the matter said.

BP may also dispose of its 60 percent holding in Pan American Energy LLC, Argentina’s second-largest oil producer, the person said, declining to be identified because the information is confidential. The London-based company has a gas field and pipeline in Vietnam and holds stakes in three production ventures in Venezuela. BP is a partner in Colombia’s two biggest oil fields, where production peaked in 1999.