Suncor May Sell Stake In North Sea Oilfields

Canada’s Suncor Energy is considering selling part of its assets in the North Sea amid a wave of consolidation in the mature offshore basin, Bloomberg reported on Wednesday, quoting sources with knowledge of the plans. Suncor hasn’t formally launched a sales process but has approached potential buyers who have expressed interest in the fields in the UK and Norwegian parts of the North Sea, the sources said. One of the stakes that Suncor explores divesting is its 26.69-percent working interest in the Golden Eagle Area in the central…