Many large Oil companies would consider buying BP’s assets if they are put on sale. BP is setting aside some assets as security while it builds up the $20 billion fund agreed upon with the U.S. to compensate for the damage from the Gulf of Mexico oil spill
BP and its affiliates operate facilities or market products in most of the world’s countries and explore for oil and natural gas on six continents.
In the Middle East, the BP group has offices in Kuwait, Oman, Qatar, Saudi Arabia and the UAE. The head office for BP Middle East exploration and production activities is in Abu Dhabi. Many of BP's Important projects exist in the UAE such as Lower Zakum Development, Sharjah - Sajaa Gas Concession and Abu Dhabi Hydrogen Power Plant with Masdar. BP main business in Saudi Arabia is the supply and trading of petroleum products such as lubricants and aviation fuel to wholesale and retail customers.
In Asia, BP’s exploration and production activities are centered in Russia, Azerbaijan and China. BP also holds a leadership position in Liquefied Natural Gas (LNG) in China through a number of joint ventures.
In Russia, BP has an important joint venture through 50 per cent ownership of TNK-BP through its major producing assets, which are located in West Siberia, the Volga-Urals and East Siberia. BP is the operator of major projects in Azerbaijan such as Azeri-Chirag-Guneshli" and “Shahdeniz”, as well as Baku-Tbilisi-Jeyhan and South Caucasus pipeline projects. These developments converge at the Sangachal Terminal. Also BP recently signed an agreement to explore and develop the Shafag - Asiman structure.
BP Group has a large number of exploration and production activities in North Africa focused on Algeria and Egypt. In Algeria, BP had plans to spend $2 billion over the next five years to develop its operations in Salah and Amenas fields. In Egypt, BP has many fields in the Gulf of Suez and the Western Desert, which are operated through its subsidiary Gulf of Suez Petroleum Company (GUPCO); and operating gas assets in the Nile Delta through the Pharaonic Petroleum Company (PhPC).
BP has well-established operations in Sub-Saharan Africa including Angola, Botswana, Malawi, Mozambique, Namibia, South Africa, Tanzania, Zambia and Zimbabwe. In Angola, the first BP-operated asset is Block 18, which was discovered in 1999-2001, and consists of five distinct fields (Galio, Cromio, Paladio, Plutonio, and Cobalto).
A Comprehensive coverage of BP operations and major assets in the eastern hemisphere can be found as part of the 3D projects online database available at Gulfoilandgas.com. Additional information can be found at the following link:
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