|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|British Petroleum||LSE:BP.||London||Ordinary Share||GB0007980591||$0.25|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Oil & Gas Producers||148,202.6||-1,858.5||0.5||928.6||88,106.30|
BP in Talks with Ineos to Sell Forties Pipeline System in UK North Sea
Dow Jones News
By Ian Walker
LONDON--Oil major BP PLC (BP.LN) confirmed Friday it is in talks with Ineos over the potential sale of its Forties pipeline system in the U.K. North sea.
It didn't provide any indication of the price, but said further information will be given as commercial confidentialities allow, and if any deal is agreed.
The Forties pipeline system is a 100% BP-owned integrated oil and gas liquid transportation and processing system, with a capacity of more than one million barrels per day, serving the central area of the North Sea. Oil and gas liquids from over 50 offshore fields and St Fergus in Aberdeenshire, Scotland, flow through pipelines into the system.
-Write to Ian Walker at [email protected]; @IanWalk40289749
(END) Dow Jones Newswires
March 17, 2017 09:59 ET (13:59 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.
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