A BP logo is seen at a petrol station in London, Britain, January 15, 2015. REUTERS
SYDNEY, June 1 (Reuters) – BP said on Monday it agreed to sell 5% of its stake in the Browse liquefied natural gas project in Western Australia to South Korea’s GS Energy (GSHOLE.UL).
“The dilution reflects BP’s disciplined approach to portfolio management by bringing in a committed partner,” the British energy company said in an emailed statement.
The 5% selldown leaves BP with a 39% stake in Woodside’s $35 billion project.
Reporting by Christine Chen in Sydney; Editing by Jacqueline Wong
