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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