TotalEnergies Said to Seek Sale of North Sea Greater Laggan Area
- French major looking to sell its 40% stake in the UK asset
- Producer Kistos bought 20% share for $125m last year
An off shore drilling unit in the North Sea.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
TotalEnergies SE is looking to sell its remaining stake in UK North Sea gas fields within the Greater Laggan Area, according to people with knowledge of the matter.
The move follows TotalEnergies’ sale of a 20% share in the Greater Laggan Area to Kistos Plc last year for $125 million and contingent payments of as much as $40 million. Viaro Energy Ltd. and Ineos AG each hold a 20% stake each in the fields.