Engie has sold a 20% stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum.
The company will retain a 30% stake in the field as well as the operatorship of the licence, PL 636.
The other partners in the field are Japan’s Idemitsu with 30% and Tullow Oil with 20%.
The partners will drill one well in the licence this summer, in a prospect called Cara.
Earlier today, it was revealed PA Resources had sold of its North Sea assets.
Meanwhile, WPX Energy is selling its natural gas assets in the Piceane basin for $910million.
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