BP has begun the process of selling stakes in its Kaskida and Tiber projects in the Gulf of America, which are among its top prospects. Each project is expected to have a production capacity of 80,000 barrels of oil per day, with Kaskida set to start production in 2029 and Tiber in 2030. This move aligns with BP's strategy to refocus on oil and gas investments under new CEO Meg O'Neill.
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