FT reports that BP has held discussions to sell North Sea assets for PS2 billion to Ithaca.

The Financial Times reported that BP had advanced 'talks' to sell its UK North Sea assets to Ithaca _Energy _in a??deal worth $2.69 billion, citing sources familiar with the situation.

The report stated that despite the failure of the recent talks, BP is still exploring its options and could pursue a 'deal' with another competitor.

Ithaca Energy?refused to comment while BP didn't immediately respond to a?request for comment.

Bloomberg News reported that last month BP was weighing the sale of all or part of its UK North Sea Operations.

According to its website, the energy giant operates five major production hubs, including the Clair oilfield - the largest on the UK Continental Shelf.

BP has reorganized into two major?business units – upstream and downstream, under the new CEO Meg 'O'Neill.

The company has 'cut billions from planned renewable energy project, 'pledged to sell $20 billion of assets by 2027 and reduced debt and costs.

(source: Reuters)