Suncor Energy has signed a deal to sell its offshore assets in the North Sea to Equinor UK in an agreement valued around $1.2 billion.
says the decision to sell the U.K. exploration and production business is an example of the company’s commitment to optimize its asset portfolio.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Equinor is the operator of the Rosebank project located about 130 kilometres northwest of the Shetland Islands. The deal includes $338 million in contingent consideration that is conditional upon the submission of the Rosebank development application to the regulator.
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