Exxon lines up bids for £1.2bn North Sea fields

The Daily Telegraph - Business - - Business -

More oil and gas fields in the North Sea are set to change hands with bids for a $1bn-$1.5bn (£1.2bn) port­fo­lio of Exxon Mo­bil’s as­sets due on Oct 28, sources told Reuters. The port­fo­lio pro­duces around 35,000 bar­rels of oil equiv­a­lent per day, ex­pected to rise to around 60,000 per day by 2023. Smaller play­ers have been snap­ping up fields.

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