Key Takeaways BP plans to sell its stakes in the P111 and P2544 North Sea licenses to Serica Energy for $232 million.The deal includes BP's 32% non-operated interest in P111, home to the Culzean gas condensate field.Serica expects the acquisition to boost production, cash flow, and long-term exploration potential.BP plc (BP) , the British oil and gas major, announced the sale of its stakes in the P111 and P2544 licensesin the U.K. North Sea. Serica Energy, a U.K.-based independent energy company, will purch ...