BP Chief Calls for Greater Use of UK Oil and Gas Despite North Sea Exit Plans

BP has called on the Government to continue backing oil and gas production in the UK, even as the company prepares to sell its North Sea operations.

Speaking after talks with Prime Minister Andy Burnham, BP Chief Executive Meg O'Neill said the UK should make greater use of its own energy resources rather than relying on imports.

She argued that producing energy domestically supports employment, generates tax income and benefits local economies.

The comments come just days after BP announced plans to sell its North Sea oil and gas business, bringing to an end more than six decades of operations in the region.

Meg O'Neill said the UK continues to rely heavily on oil and natural gas and believes domestic production should remain a key part of the country's energy mix.

She said energy produced within the UK delivers wider economic benefits, including skilled jobs, investment and tax revenues.

O'Neill also revealed that BP has already received interest from potential buyers for its North Sea assets and said she expects the fields to continue operating under new ownership.

BP recently confirmed it intends to sell its North Sea business as part of a broader strategy to simplify its operations and focus investment elsewhere.

The announcement came as the company reported quarterly profits of more than $5.7 billion (£4.2 billion), driven largely by higher global oil and gas prices during continued instability in the Middle East.

Meanwhile, the Government is expected to decide whether major North Sea developments, including the proposed Jackdaw and Rosebank oil and gas fields, should be allowed to proceed.

The future of the North Sea industry remains the subject of debate, with supporters highlighting energy security and employment, while critics point to climate commitments and the transition towards lower-carbon energy sources.

Attention will now turn to the Government's decisions on future North Sea developments and wider energy policy.

Industry leaders are also calling for a review of the current tax system for oil and gas producers, arguing it affects long-term investment in UK energy production.

The outcome of these decisions is expected to influence the future of the UK's domestic energy sector for years to come.