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TORONTO/CALGARY (Reuters) - BP Plc
BP's 50 percent stake in the Sunrise project near Fort McMurray in Alberta, where Husky Energy Inc
It also owns a 50 percent stake in Pike, operated by Devon Energy Corp
A BP spokesman declined to comment. Sources declined to be named as the information is confidential.
The three projects are located in northeastern Alberta.
BP has discussed with advisers the possibility of selling the stakes, though no final decision has been made, the people added.
If the sale proceeds, BP would deploy capital in more attractive regions, such as the Permian basin in the United States, where the rate of return tends to be higher, one of the people said.
(Reporting by John Tilak in Toronto and Nia Williams in Calgary; Additional reporting by Ron Bousso in London, Ethan Lou in Calgary, Alberta; and David French in New York; Editing by Denny Thomas and Matthew Lewis)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)