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BP sells 50% interest in Sean Area gas fields to SSE for US$288 million

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17 December 2012

BP sells 50% interest in Sean Area gas fields to SSE for US$288 million

Report summary

Scottish and Southern Energy (SSE) has announced the acquisition of BP's non-operated interests in the Sean Area gas fields in the UK Southern Gas Basin for US$288 million (£180 million). SSE entered the UK upstream in 2010, with the acquisition of interests in the Easington Catchment and Bacton Areas in the Southern Gas Basin. With this latest deal, SSE builds up its portfolio with proven, uncontracted gas volumes close to its existing infrastructure. This is the fourth UK ...

Table of contents

Tables and charts

This report includes 6 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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    BP sells 50% interest in Sean Area gas fields to SSE for US$288 million

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