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Exclusive: France's Total prepares sale of $1.5 billion of UK North Sea fields

Reuters  |  LONDON 

By Ron Bousso and Clara Denina LONDON (Reuters) - France's Total is set to sell a third of its stake in Laggan Tormore gas field along with other oil and gas assets in Britain's North Sea that could fetch a total of $1.5 billion, four banking and industry sources said.The divestment will include stakes in a number of smaller fields Total acquired as part of the 2017 $4.95 billion deal to buy the oil and gas division of A.P. Moller-Maersk, the sources said. The deal was completed in March.Those fields include Golden Eagle, in which Total has a 32 percent stake, as well as Dumbarton (30 ...

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First Published: Mon, July 09 2018. 16:38 IST
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