BP and UK junior SDX Energy have ended talks over the potential purchase by the latter of a clutch of mature oilfield assets in Egypt, writes Iain Esau.
London-listed SDX said late last week that the discussions, which it had revealed in late September, had been terminated “by mutual agreement”, without elaborating.
SDX chief executive Paul Welch said it was “disappointing” that discussions with the UK supermajor did not progress into a deal.
