BP Near Deal to Sell Part of Trinidad Upstream Gas Assets to Perenco
Monday, 8 April 2024, 17:33
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Details of the Potential Deal
BP is reportedly finalizing negotiations to offload some of its gas assets in Trinidad and Tobago to Perenco, a significant player in the global energy sector.
Impact on Production
The sale is crucial for BP to address the decline in production of the underperforming fields.
- This move signifies a shift in BP's strategic focus towards its more profitable ventures.
- Perenco stands to benefit from acquiring these assets to boost its presence in the region.
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