BP to sell assets, will TT ops be sold?

[Tipp]

See links to BP and its 20 Billion USD $ it needs to raise in the Escrow fund for liabilities and contracts not honoured, court awards etc
BP to cut capex, sell assets for $20bn payout. Will TT escape the barber's scissors?
16 June 2010 18:45 GMT

BP will slash its capital spending budget, sell $10 billion in assets and drop its dividend to help pay for a $20 billion spill response fund.
» Read more on this. Can BP survive? some economists predict more than 600 Billion USD will be the real sum after years of arbitrations.
link to article:
http://www.upstreamonline.com/live/article218010.ece

[Krakatoe]

Word from inside is that lots of staff being informally told to seek foreign BP posts or bail out. But this was going on at least a year and a half before Gulf disaster. All a bigger plan to slow down TT ops and move out over the next 5 years. This Gulf disaster will probable speed this up now. Still, BPTT will hold on to TT presence in some small way but we should all expect a very very significant reduction in ops. Planned for the next 5 years but likely to be speeded up now.

[lexbarker]

It is 20 billion over 4 years, what a joke. Last year they made 17 billion in profits. Estimates said it would be 60 billion+ to clear up the mess. It looks like the US tax payers will be stuck for the rest.