ENERGY firms BP and EnQuest refused to comment yesterday on a report saying they were holding talks over the transfer of assets worth up to £400million.
BP said in February it was to sell stakes in most of its oil and gas operations in the southern North Sea, but stressed there was no intention for disposals among its UK assets further north.
It is selling all its operated gas fields in the southern sector, including pipeline infrastructure and the Dimlington terminal.
EnQuest is known to have a substantial sum available for new acquisitions, reportedly up to £500million.