BP Divests Trinidad Assets, Refocuses on Shallow and Deepwater Gas
BPBP(BP) ZACKS·2024-09-06 22:20

BP plc (BP) has entered into a deal to sell four mature gas fields and undeveloped resources in Trinidad and Tobago to Perenco T&T. This move is part of BP's strategy to redirect its operations toward shallow water, deepwater and cross-border gas projects in the region. BP Divests Mature Assets to Perenco T&T BP Trinidad and Tobago ("BPTT"), a subsidiary of BP, has agreed to sell its Immortelle, Flamboyant, Amherstia and Cashima gas fields to Perenco T&T. These assets, which have been operational since the ...