The business will be offered as an ongoing, fully staffed operation and BP does not expect any redundancies as a result of the sale.
It is expected that the sale will be completed by the end of the year, subject to consultation with the local works council.
BP’s Dutch E&P and gas infrastructure business has a staff of around 120 employees and long term contractors. It operates assets both onshore and offshore in the Netherlands and had net gas production of around 1.8 million cubic meters a day in 2005.
This sale does not affect BP’s other significant business activities in the Netherlands which comprise energy trading, refining and marketing of fuels and lubricants as well as a renewable energy business.
