BP Plc has sold its non-controlling interests in the Permian and Eagle Ford midstream of its US onshore oil and gas division for $1.5bn to funds managed by investment firm Sixth Street.
The onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in Eagle Ford after the deal, BP said on Monday.
Bpx will remain operator of all the assets.
Reporting by Frank Prenesti for Sharecast.com
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