BP sells US$1.1 billion of North Sea assets to TAQA
On 28 November 2012, TAQA announced it had acquired BP's share in a package of assets in the UK. The package includes an operated interest in Devenick, Maclure and Harding, along with a non-operated interest in Braemar and the Brae Complex fields. The consideration paid is US$1.058 billion (£661 million). The deal is effective from 1 January 2012. However, the sale of Devenick has an effective date of 1 January 2013. The deal includes future additional payments, which BP ...