A 5% stake in the Beryl Area fields was sold for $118 million (£75m) to an unidentified buyer while a 17.5% stake in the Tobermory and Bunnehaven discoveries was bought from Statoil in exchange for a 30% stake in Mariner East.
- Text size
OMV in asset sale
AUSTRIAN oil and gas company OMV has sold some North Sea assets to focus its UK efforts on fields to the west of Shetland.
Commenting & Moderation
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
MOST READ
SPONSORED LINKS
MOST COMMENTED
