Total selling stake in North Sea pipeline

  • By Rig Lynx
  • Jul 15, 2020
  • Category : Archives
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Total is seeking to sell its 25.7% stake in the Shearwater Elgin Area Line (SEAL) natural gas pipeline in the British North Sea, industry sources said.

The sale could raise about $200 million, one of the sources said.

Total has engaged in direct discussions with several interested parties in recent weeks, the sources said.

Source: Reuters