AssetID: 55890595
Headline: UNCAPTIONED: BP Puts North Sea Oil Business Up For Sale
Caption: BP Puts North Sea Oil Business Up For Sale. BP has announced plans to sell its North Sea oil and gas business, bringing to an end more than 60 years of production in the region by the energy giant. The decision follows a strategic review as the company looks to streamline its operations. The business includes five production hubs and employs around 1,100 people across the UK. BP said it would continue operating the sites safely and reliably while a buyer is sought, adding that the UK will remain an important part of the company's future. The announcement comes just days after Prime Minister Andy Burnham said his government would take a pragmatic approach to North Sea oil and gas production. The business currently produces around 117,000 barrels of oil equivalent a day, a small share of BP's global output. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,British Petrolium,BP,North Sea Business,up for sale,Andy Burnham,startegic review,streamline,operations,five production hubs,60 years,oil and gas,global output
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