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    Reuters: France's Total Puts Prime North Sea Field on the Block - Sources

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Summary

Reuters sources say that Total is considering selling its 80% stake in the North Sea Laggan-Tormore oil and gas field on the back of falling oil prices

by: Erica Mills

Posted in:

Press Notes

Reuters: France's Total Puts Prime North Sea Field on the Block - Sources

French oil major Total is selling its stake in the North Sea Laggan-Tormore oil and gas field as it seeks to shed assets after a steep fall in the oil price, banking sources said.

Total is hoping to get up to $1.5 billion for its 80 percent operating stake in the field, located approximately 125 km north-west of the Shetland Islands in Britain's North Sea, the sources said.

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