British oil assets of $ 1,000,000,000 to be sold to raise funds oil spill.

<P> According to the U.S. "The Wall Street Journal," Dec. 8 news, an insider, British Petroleum (BPPLC) consider the sale of its worth 10 billion dollars in North Sea assets to the Gulf of Mexico oil spill clean-up funds needed to raise the current .Other energy companies are probing the intention. .</ P> <P> reported that BP had previously said it would sell the value of not more than 300 billion in assets to offset the Gulf of Mexico oil spill-related expenditures. .The company expects the cost of dealing with oil spills will be nearly 400 billion dollars. .Last month, British Petroleum oil and gas companies in Argentina of its stake in PanAmericanEnergyLLC 70 billion sold to the BridasCorp., Which makes the accident the company has been sold since the Gulf of Mexico assets to total 210 billion dollars. .</ P> <P> It is reported that North Sea oil fields operated by BP has long been the core area. .However, many oil and gas fields have been mined for several years, and now yield only one-third of the original peak production period, so the BP turned its focus to higher margin business areas, such as Angola and the Gulf of Mexico deep waters. .</ P>.