BP Puts North Sea Business Up for Sale, Ending 60 Years of UK Production

3-line summary

• BP said it is putting its North Sea business up for sale, ending 60 years of production in the region, following a review of its operations as it seeks to slim down the group.
• The business has five production hubs and employs about 1,100 people; CEO Meg O'Neill said it would be "better positioned as part of another company."

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