This transaction allows us to increase our focus on these technologies and to further expand on our commitment to drive growth from our core supercomputing business and our new initiatives in mid-range supercomputing, storage and big data.
"This transaction is in line with BP's strategy to focus on a smaller number of higher-value assets with long-term growth potential and to continue the simplification of our portfolio with a further reduction of operated infrastructure and wells, " said BP chief executive Bob Dudley.
There are a few areas of the IBRC liquidation and transaction that remain unclear to me however I just want to focus on one and was wondering if you had any thoughts on the matter or if there is something I am missing.
Although size can bring undeniable advantages, such as in terms of resources and diversification, growth can lead to diminishing returns when larger firms can lose their focus and be forced out of the sectors and transaction sizes in which they achieved their early success.