BP is weighing the sale of minority shares in two projects of the Gulf of Mexico, each of which has an estimated value of billions of dollars for the company, two knowledgeable sources of the matter said on Wednesday.
BP is immersed in a readjustment of its strategy to focus on oil and gas after a failed turn towards clean energy.
The energy company, which is quoted in London, is considering the possibility of incorporating partners to its Kaskida and Tiber projects, according to the sources.
One of the sources indicated that BP could sell up to 50% of each of them, and added that the deliberations are in an early stage and that the formal auction process could begin at the end of this year.
Other large energy groups and operators of the Gulf of Mexico would be the most likely buyers of the participations, according to an executive of the sector.
All sources warned that no agreement was guaranteed and spoke on condition of anonymity to discuss private deliberations.
BP declined a reuters request to comment.
With Reuters information.
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