Welligence UK M&A | bp seeks to sell its UK upstream business
July 31, 2026
On 31 July, bp announced it is to formally market its North Sea upstream business. This is part of the broader strategic review of the company’s business, kicked off by CEO Meg O’Neill, and is the most notable announcement to date, given the company’s history in the region. In this report, we delve into the details to understand the synergies and other potential buyers.