BP Sells Shearwater Field Interest to Private Equity Group

Journal of Petroleum Technology 

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.

  Country: Europe > United Kingdom > North Sea > Central North Sea (0.94)
  Industry: Energy > Oil & Gas > Upstream (0.56)
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