EnQuest, Delek Group End Kraken Oilfield Stake Sale Talks
Sept 15 (Reuters) - 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.
(Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Sunil Nair)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- EnQuest Profits Slide On Slower Kraken Oilfield Ramp-Up (Sep 07)
- Kraken 2Q Start-up 'On Track' (Feb 17)
- Unite Pledges to Protect BP Workers in EnQuest Transfer (Jan 25)