Sector News

Nobel Upstream says buys Shell's stake in Maclure North Sea field

February 11, 2016
News

(Reuters) – Nobel Upstream, a privately held British oil explorer, said on Wednesday it had agreed to buy Shell’s 7.59 percent stake in the Maclure North Sea oilfield for an undisclosed sum.

The field, operated by Denmark’s Maersk Oil, is located in the British part of the North Sea and produces 8,000 barrels of oil equivalent per day, the company said.

Other shareholders in the field include Taqa TAQA.AD and Apache (APA.N).

(Reporting by Karolin Schaps; editing by Jason Neely)

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