Equinor is reportedly seeking a $1billion sale of a stake in the Martin Linge oil field in the North Sea.
The Norwegian energy giant is hoping to offload a 19% interest in the asset, according to Reuters, retaining 51%.
Banking sources told the news agency that Equinor is seeking to take advantage of strong demand for assets in Norway, which has proved a hot M&A market in recent months.
Martin Linge started production last year at an overall cost of 63 billion NOK (£5.2billion), with estimated recoverable resources of 260million barrels of oil equivalent (boe).
It is expected to reach peak production of around 115,000 boe per day and is co-owned by Petoro.
Reuters also reported that Equinor is also seeking to offload a 7.6% stake in the Ekofisk complex in the Norwegian North Sea.
Equinor made no comment.
The Martin Linge platform receives power via the world’s longest alternating-current sea cable measuring 100miles from the onshore substation at Kollsnes in Western Norway.
The deal comes a week after British Gas owner Centrica announced the £800million sale of Spirit Energy Norway to Sval Energi.
Centrica is continuing to assess opportunities to offload its 69% holding in the remainder of Spirit Energy which operates in the UK and the Netherlands.
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