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BP to sell $1 bln of North Sea assets - report

LONDON, Dec 7 (Reuters) - Oil company BP BP.L has approached several UK-focused energy companies to gauge their interest in a potential sell-off of its North Sea assets worth about $1 billion, the Daily Telegraph said on Tuesday.

The newspaper cited companies and bankers as saying the embattled oil and gas company had approached them on a pre-tender basis regarding a portfolio of non-core fields before any official auction.

“We’ve been having a look at some gas assets, but it’s very early on,” the Telegraph cited one energy company executive as saying. “It’s about seeing whether they’d be a good fit.”

BP said earlier this year it would sell $30 billion of assets as part of a strategy to raise cash to pay for the costs of an oil spill in the Gulf of Mexico last April.

Reporting by Michel Rose; Editing by Richard Chang

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