Chevron puts North Sea assets on the block
Move to offload six fields is the latest by US oil major pulling back from region
July 4, 2018 12:22 pm by David Sheppard , Energy Editor
Chevron has kicked-off a process to sell a significant number of its oil and gas assets in the North Sea, becoming the latest US energy major to scale back in the region.
The move, which is part of a wider strategic review of Chevron’s European assets as the industry emerges from a prolonged downturn, will see at least six fields offered to prospective buyers.
“A decision has been taken to initiate the process of marketing all our UK central North Sea assets,” Chevron said.