LONDON, March 4 (Reuters) - British oil company saidit planned to separate its onshore U.S. oil and gas assets,including its shale resources, into a different business whichit would own but which would be managed by a different team.
"This move is expected to help unlock the significant valueassociated with BP's extensive resource position in the U.S.Lower 48 onshore," the company said in a statement on Tuesday,ahead of a management presentation on its strategy in London.
The new business consists of an extensive unconventional orshale resource of around 7.6 billion barrels of oil equivalent,BP said, adding that it would start to disclose separatefinancials for the new business from 2015.