Norwegian energy group Equinor plans to sell a stake in its Martin Linge oilfield in the North Sea, hoping to raise more than $1 billion, industry and banking sources told Reuters.
Development of the Martin Linge cost 63 billion NOK ($6.94 billion) and the field is powered by onshore electricity, significantly reducing the field’s greenhouse emissions.
British energy supplier Centrica and its partner, German utility Stadtwerke Munchen, last week agreed to sell their Norwegian oil and gas assets to Sval Energi for a total of $1.1 billion.
Read more/Source: Reuters
