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MARKETS

BP sells North Sea assets to Premier Oil

BP WILL sell its full interest in the Andrews area in the UK’s North Sea and its non-operated interest in the Shearwater field to Premier Oil for US$625 million in a move opposed by the latter’s largest creditor.

Helen Clark
BP sells North Sea assets to Premier Oil

  Premier is also spending $264 million in a second transaction to buy assets owned by South Korea's Dana Petroleum. Asia Research and Capital Management in Hong Kong said yesterday it would oppose...

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