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Centrica signs £246m deal for North Sea sites

SCOTTISH Gas-owner Centrica has agreed to buy a big portfolio of oil and gas assets in the UK North Sea from Total for $388 million (£246m) and underlined its desire for similar deals.

The utility giant's upstream business is buying stakes in seven oil and gas fields in the Central North Sea and associated infrastructure in a deal that will result in a significant increase in the size of the unit.