Sinopec and the Chinese National Offshore Oil Company (CNOOC) plan to purchase the BP share in THK-BP, British media report.
London City says that the deal may cost around $25-35 billion. BP warned AAR about the initiative. 50% of shares in THK-BP belongs to BP, the rest to AAR, a group of Russian investors (Alfa Group, Access Industries and Renova).
Head of the AAR Consortium Sten Polovets said that Russian shareholders offered BP to purchase the share.
Christina Tiskareno, an analyst from Standard & Poor’s, says that sales of assets will benefit BP. This includes the South Atlantic, Iraq, Libya, Caspian shelf, partnership with Petrobas (Brazil) and Angola’s Sonangol. Shareholders may get $15 billion. Half of the sum will be spent on new projects.
Payments of dividends stopped after the accident at the Deepwater Horizon platform in the Gulf of Mexico with drilling of the Macondo Prospect in April 2010.
