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BP has announced plans to sell its North Sea operations, marking the end of the company’s six-decade presence in the region. This move comes as part of BP’s broader strategy to streamline its business activities. The North Sea assets include five production hubs—two located in the central North Sea and three positioned west of Shetland—and currently provide employment to around 1,100 staff members.
The decision to put the North Sea business up for sale follows a thorough review of BP’s portfolio as the company aims to focus on core areas. This announcement has attracted attention amid ongoing discussions about the future of oil and gas extraction in the region. Prime Minister Andy Burnham recently indicated that he communicated a “pragmatic approach” regarding North Sea oil and gas during conversations with US President Donald Trump.
There is notable support for expanding drilling activities in the North Sea from various sectors. President Trump, alongside some trade unions, industry leaders, and certain members of the Labour Party, advocates for increasing oil and gas production in this area. Their viewpoints highlight a continued interest in boosting the region’s energy output despite BP’s decision to exit.
Meg O’Neill, BP’s chief executive, expressed confidence that the North Sea operations would thrive under new ownership. She emphasized BP’s longstanding connection to the UK, stating, “The UK has been our home for more than 100 years and will continue to play an important role in our future.” O’Neill also underscored the company’s pride in the economic contributions it makes, the jobs it creates, and its commitment to maintaining energy supply every day
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