Key facts: BP is looking for a partner to assess its major oil and gas find at the Bumerangue block in Brazil, aiming to form a partnership in one to two years.
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- BP is looking for a partner to assess its major oil and gas find at the Bumerangue block in Brazil, aiming to form a partnership in one to two years.1
- BP's chairman, Albert Manifold, emphasized the need to simplify operations and may pursue asset sales to strengthen the balance sheet and boost shareholder value amid low profits and high debt.2
- Iraq has engaged BP to develop the Kirkuk oilfields, aiming for an initial output of 328,000 barrels per day, in partnership with the North Oil and North Gas Companies.3