Hess Sells Natural Gas Assets in UK North Sea
Hess will sell its interests in a package of natural gas production and transportation assets in the UK North Sea to Scottish & Southern Energy. Once the sale is completed in the third quarter of 2010, Scottish & Southern will assume ownership of interests in the Everest and Lomond natural gas fields, and the Central Area Transmission System in the central North Sea, along with the Bacton Corridor and Easington Catchment Area natural gas fields in the Southern North Sea. For a sum of $423 million, the sale is subject to governmental and partner approvals.SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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