Mercuria-backed Tailwind buys BP stake in Shearwater UK oilfield (updated)

Mercuria Holdings

24/05/2021 16:22

(Adds BP comment, details)
    LONDON, May 24 (Reuters) - Tailwind, a private oil producer
backed by commodity trader Mercuria, has agreed to buy BP's
 BP.L  27.5% stake in the Shearwater oilfield in the British
North Sea, it said on Monday.
    BP had previously agreed to sell the stake in Shearwater, as
well as the stake in the BP-operated Andrews field, to Premier
Oil, but the deal fell through when Chrysaor bought Premier Oil
to form Harbour Energy  HBR.L  last year.
    BP confirmed the sale of its Shearwater stake for an
undisclosed sum. 
    The London-based company also said it had informed staff at
the Andrews field that it will continue operating the field for
now, meaning it will effectively stop attempts to sell it.

 (Reporting by Shadia Nasralla and Ron Bousso; editing by David
Evans)
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