BP to sell Dutch E&P and gas business
Posted: 15 May 2006
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BP said it intends to sell its exploration and production and gas infrastructure business in the Netherlands, comprising its onshore and offshore production assets and its Piek Gas Installatie at Alkmaar.
The business will be offered as an ongoing, fully staffed operation and BP does not expect any redundancies as a result of the sale.
It is expected that the sale will be completed by the end of the year, subject to consultation with the Works Council.
BP's Dutch E&P/gas infrastructure business has a staff of around 120 employees and long term contractors. It operates assets both onshore and offshore in the Netherlands and had net gas production of around 1.8 million cubic metres a day (62 million cubic feet a day) in 2005.
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