Mitsui acquires BP's interests in Alba and Britannia for US$280 million
Mitsui has announced the acquisition of BP's non-operated interests in the Alba (13.3%) and Britannia (8.97%) fields in the UK Central North Sea for US$280 million (£180 million). Alba is an oil field, and Britannia a gas field. Both started production in the mid-1990s, and are now in the latter stages of their productive life.This is the third UK disposal that BP has made in the past year, following the earlier sales of Wytch Farm and a package of Southern Gas Basin properties. ...