are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said. as they focus on newer and more profitable prospects.
For Texas-based Exxon, it would complete the exit from the North Sea, where it has been present since 1964. It sold most of its assets in the central and northern North Sea to Neo Energy in 2021.The deal is close to being agreed but there are no guarantees that it will be signed, one of the sources said.Viaro Energy acquired RockRose Energy in 2020 and has since then made several other deals in the British and Dutch North Sea.
The sale of the Clipper and Leman Alpha fields would also mark the dissolution of the Esso joint venture between Shell and Exxon, which joined forces in the North Sea in 1965. Shell remains one of the main producers in the North Sea, operating several fields including the Penguins redevelopment and holding a stake in the BP-operated Clair field.Study and track financial data on any traded entity: click to open the full quote page. Data updated as of
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