BP is selling its 27.5% stake in the Shell-led Shearwater field to private-equity-backed producer Tailwind Energy for an undisclosed sum. Shearwater is in the UK North Sea and currently produces about 18,000 BOE/D. BP had agreed in January 2020 to divest Shearwater along with its Andrew projects to Premier Oil for $625 million, but the deal was never finalized. Later in the year, Premier merged with Chrysaor Holdings. The combined entity was renamed Harbour Energy.