{"id":16488,"date":"2026-09-03T16:14:41","date_gmt":"2026-09-03T16:14:41","guid":{"rendered":"https:\/\/turkeynews24.com\/index.php\/2026\/09\/03\/enquest-is-interested-in-buying-bps-north-sea-assets-ceo-tells-cnbc\/"},"modified":"2026-09-03T16:14:41","modified_gmt":"2026-09-03T16:14:41","slug":"enquest-is-interested-in-buying-bps-north-sea-assets-ceo-tells-cnbc","status":"publish","type":"post","link":"https:\/\/turkeynews24.com\/index.php\/2026\/09\/03\/enquest-is-interested-in-buying-bps-north-sea-assets-ceo-tells-cnbc\/","title":{"rendered":"EnQuest is interested in buying BP\u2019s North Sea assets, CEO tells CNBC"},"content":{"rendered":"<p>In this article<\/p>\n<ul>\n<li><a href=\"https:\/\/www.cnbc.com\/quotes\/BP\" rel=\"noreferrer\" target=\"_blank\">BP<\/a><\/li>\n<li><a href=\"https:\/\/www.cnbc.com\/quotes\/ENQ-GB\" rel=\"noreferrer\" target=\"_blank\">ENQ-GB<\/a><\/li>\n<\/ul>\n<p>Follow your favorite stocksCREATE FREE ACCOUNT<\/p>\n<p>U.K. energy exploration and production company <a href=\"https:\/\/www.cnbc.com\/quotes\/ENQ-GB\/\" rel=\"noreferrer\" target=\"_blank\">EnQuest<\/a> is interested in buying <a href=\"https:\/\/www.cnbc.com\/quotes\/BP\/\" rel=\"noreferrer\" target=\"_blank\">BP<\/a>&#039;s oil and gas interests in the North Sea, its CEO Amjad Bseisu told CNBC on Thursday.<\/p>\n<p>BP announced on July 31 that it had launched a process to sell its U.K. North Sea business.<\/p>\n<p>Speaking with CNBC&#039;s &quot;Squawk Box Europe,&quot; Bseisu said there is still a &quot;tremendous opportunity&quot; in the U.K. oil and gas sector.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108358247-1788424221549-1788423216-48149447980-hd.jpg?v=1788424224&amp;w=750&amp;h=422&amp;vtcrop=y\" alt=\"Enquest CEO: Interested in BP&#039;s North Sea assets\"\/>watch nowVIDEO7:4707:47Enquest CEO: Interested in BP&#039;s North Sea assets<a href=\"https:\/\/www.cnbc.com\/squawk-box-europe\/\" rel=\"noreferrer\" target=\"_blank\">Squawk Box Europe<\/a><\/p>\n<p>Asked directly if EnQuest \u2014 which operates mainly in the U.K. Continental Shelf region \u2014 is interested in BP&#039;s assets in the region, Bseisu said &quot;yes.&quot;<\/p>\n<p>&quot;There&#039;s only a handful of companies left, so there&#039;s only a handful of companies that would be interested,&quot; he said.<\/p>\n<p>A sale would mark a major retreat from the basin for BP, which has operated in the North Sea for about 60 years.<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" alt=\"hide content\"\/>EnQuest.<\/p>\n<p>Its North Sea portfolio is made up of five production hubs: two in the central North Sea \u2014 Andrew and ETAP \u2014 and three west of Shetland \u2014 Glen Lyon, Clair and Clair Ridge \u2014 employing about 1,100 people altogether, according to BP&#039;s website.<\/p>\n<p>Bseisu said the U.K. now imports about half of its energy, adding that its greater reliance on imports has pushed costs higher. He urged the government to support development of the country&#039;s oil and gas resources.<\/p>\n<p>Bseisu was speaking after EnQuest recorded an adjusted pre-tax profit of $54.6 million in the first half of the year, with revenues reaching $529.9 million and production up 9%.<\/p>\n<p>In 2017, BP sold 25% of its stake in the Magnus oil field to EnQuest, along with associated  pipeline infrastructure and a 3% stake in the Sullom Voe processing terminal in Shetland.<\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" alt=\"hide content\"\/>BP.<a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" rel=\"noreferrer\" target=\"_blank\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article<br \/>\nBPENQ-GBFollow your favorite stocksCREATE FREE ACCOUNTU.K. energy exploration and production company EnQuest is interested in buying BP&#8217;s oil and gas interests in the North Sea, its CEO Amjad Bseisu told CNBC on Thursday.<br \/>\nBP announced on July 31 that it had launched a process to sell its U.K. North Sea business.<br \/>\nSpeaking with CNBC&#8217;s &#8220;Squawk Box Europe,&#8221; Bseisu said there is still a &#8220;tremendous opportunity&#8221; in the U.K. oil and gas sector.<br \/>\nwatch nowVIDEO7:4707:47Enquest CEO: Interested in BP&#8217;s North Sea assetsSquawk Box EuropeAsked directly if EnQuest \u2014 which operates mainly in the U.K. Continental Shelf region \u2014 is interested in BP&#8217;s assets in the region, Bseisu said &#8220;yes.&#8221;<br \/>\n&#8220;There&#8217;s only a handful of companies left, so there&#8217;s only a handful of companies that would be interested,&#8221; he said.<br \/>\nA sale would mark a major retreat from the basin for BP, which has operated in the North Sea for about 60 years.<br \/>\nStock Chart IconStock chart iconEnQuest.Its North Sea portfolio is made..<\/p>\n","protected":false},"author":3,"featured_media":16489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,25],"tags":[],"class_list":["post-16488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-business","category-news"],"_links":{"self":[{"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/posts\/16488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/comments?post=16488"}],"version-history":[{"count":0,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/posts\/16488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/media\/16489"}],"wp:attachment":[{"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/media?parent=16488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/categories?post=16488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/turkeynews24.com\/index.php\/wp-json\/wp\/v2\/tags?post=16488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}