Plans by London-listed, Egypt-focussed, independent SDX to buy “a significant package of assets in Egypt from BP have been terminated by mutual agreement,” the company announced 20 October. Though never spelled out, the assets appear to have been aging Gulf of Suez fields operated by BP’s Gupco JV with Egypt’s state oil firm EGPC (MEES, 21 September). Rumors circulated earlier this year that BP was looking to sell Gupco, which produces 70,000 b/d of oil and 400mn cfd of gas, for $500mn.