China’s CNOOC 0883.HK is seeking a buyer for its Scott platform and its stakes in associated oilfields in the British North Sea, three banking and industry sources told Reuters.
CNOOC appointed Lambert for the sale which could fetch several hundred million dollars if CNOOC retains decommissioning liability, but if it does not, the package might change hands for very little, three sources said.
CNOOC operates the platform and owns stakes in the Scott, Telford, and Rochelle fields alongside Dana Petroleum, Edison, HitecVisions’s Neo, and MOL MOLB.BU.
CNOOC, which also has stakes in the UK’s Buzzard field, and EnQuest declined to comment. Lambert did not immediately reply to a request for comment.
