en.Wedoany.com Reported - Just days after BP Plc announced the sale of its North Sea business, potential buyers have already come forward. The company's new Chief Executive Officer, Meg O'Neill, stated that she would not change her original decision to divest these assets, regardless of any policy adjustments by the UK government.

O'Neill told Bloomberg TV that several potential buyers have expressed interest in acquiring the North Sea assets. She noted that the UK's fluctuating policies on oil and gas, combined with the company's focus on strengthening its balance sheet, jointly drove this exit decision. O'Neill also mentioned that BP still believes there is untapped oil and gas potential in the North Sea basin and hopes the new government will bring positive changes.
BP pointed out that tax and exploration policies have made the UK less attractive for oil investment, and the previous UK government also opposed new drilling activities. Andy Burnham, who took office as Prime Minister in July this year, said he would not overlook North Sea resources. O'Neill stated during a press call that BP is willing to continue cooperating with the UK government to design a fiscal framework, but this stance will not change the exit decision.
BP is the last of the international oil majors to maintain an independent operation in the North Sea. Previously, competitors Shell Plc and TotalEnergies SE had already merged their operations in this aging offshore basin with other companies to form independent entities.
O'Neill emphasized that this was not a hasty decision. BP has operated in the North Sea for over 50 years, and in her view, this is purely a matter of internal capital discipline and capital allocation at BP.









