BP sells package of North Sea gas assets

BP AGREED TO sell a swathe of southern North Sea gasfields and gas infrastructure to Perenco last month, continuing its disposal programme for mature assets. The buyer will pay $162m and, subject to approvals, will take over as operator for the 14 BP-operated fields in the sale, including the former-giants Indefatigable and East Leman. BP's share of production from the assets amounts to about 150m cubic feet a day (cf/d). The firm says its share of proved reserves totals about 274bn cf. In contrast to its recent sale of the Forties field, under which BP retained ownership of the Forties pipeline, last month's sale includes the firm's interests in, and operatorship of, important gas infrastru