Sector News

EnQuest, Delek Group end Kraken oilfield stake sale talks

September 15, 2016
News

Oil producer EnQuest Plc said it ended talks with Israeli conglomerate Delek Group Ltd regarding a potential stake sale in an oilfield in the North Sea.

The companies said in July they were in talks for Delek to buy a 20 percent stake in EnQuest’s Kraken oilfield, in a deal that could have been worth $162 million.

The companies had been unable to reach an agreement, EnQuest said on Thursday, but did not provide details.

By Mamidipudi Soumithri

Source: Reuters

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