Oil giant BP has agreed to sell assets in the Gulf of Mexico for £3.5 billion to an American petroleum firm.
The deal with Plains Exploration & Production – which covers five oil and gas fields – will bring BP closer to its target of £23.7bn worth of disposals by the end of next year.
As part of BP's plan to raise cash to pay the costs of the 2010 Deepwater Horizon disaster, it has entered into agreements to sell assets worth £20bn since the start of 2010.
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