Shell and Esso Announce North Sea Sale

Shell UK and Esso Exploration and Production, part of ExxonMobil, have offered some North Sea oil and gas fields for sale.

The assets include operated interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican and non-operated interests in Otter and Hudson, as well as an operated interest in the associated oil evacuation system.

Both companies have confirmed they are in negotiation with Fairfield Energy for the sale some of their assets.