The UK supermajor said on Monday it has boosted its interest to 32%, with JX Nippon’s interest falling to 18.01%.
No value was put on the deal.
BP North Sea regional president Mark Thomas said the move was a further demonstration of the company's “commitment to supporting the development of another UK field for the future”.
“BP has been focusing and refreshing its North Sea portfolio by bringing new fields into production, redeveloping and renewing existing producing facilities and divesting some of its more mature or less strategic assets,” Thomas said.
“This
