OMV Said to Work With Barclays to Sell Stake in North Sea Field

OMV AG, Austria’s biggest oil and gas company, is working with Barclays Plc as it seeks to sell part of its stake in a deepwater project in the U.K.’s North Sea, according to three people with knowledge of the matter.

OMV, based in Vienna, is in early discussions with potential buyers to reduce its 50 percent non-operational stake in the Rosebank oil field, the people said, asking not to be identified as the information is private.