LONDON (Reuters) – BP has relauched the sale of stakes in a number of North Sea oilfields it agreed to sell to Premier Oil before the beleaguered company was taken over last year, industry sources said on Thursday.
BP originally agreed to sell its interest in the fields in the Andrew area and the Shearwater field to Premier a year ago for a total of $625 million.
The companies later agreed to restructure the deal and lower its cash value to $210 milion due to Premier’s financing problems. The transaction finally fell through after Premier was taken over by rival Chrysaor in October.
BP has now relaunched the sale process for the assets and has called for interested parties to send in bids with no deadline, according to the sources.
