Deals
BP to Choose Winner of Oilfield Bid in Perenco, Premier Fight
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BP Plc will decide this week on the winning bidder for a stake in the Wytch Farm oil and gas fields after Premier Oil Plc challenged Perenco SA’s offer, the Sunday Times reported, without saying where it got the information.
BP agreed in May to sell a controlling stake in the U.K. asset -- western Europe’s biggest onshore oilfield -- to France’s Perenco for $610 million, the newspaper reported. Premier, the North Sea oil explorer, made a competing offer this month, according to the report.