Market Chatter: BP to Consider Partial Sale of Two Gulf of Mexico Projects

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2025.03.27 04:31
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BP is considering selling minority stakes in its Kaskida and Tiber projects in the Gulf of Mexico, potentially up to 50% in each. The projects are valued at billions of dollars, with a formal sale process expected to begin in 2025. This information comes from sources familiar with the matter, although BP has not commented on the report.