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Market Chatter: BP Said to Explore Exiting UK North Sea Operations

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-- BP (BP) is considering exiting part or all of its operations in the UK North Sea in order to strip assets and pay down debt, Bloomberg reported Friday, citing people familiar with the matter.

BP's upstream operations in the UK could fetch about $2.7 billion from a full divestment, the report said, citing the people.

BP didn't immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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