Chevron Initiates Process of 'Marketing' All UK Central North Sea Assets



Chevron Initiates Process of 'Marketing' All UK Central North Sea Assets
Chevron has taken a decision to initiate the process of marketing all its UK Central North Sea assets, a company spokesperson has revealed.

Chevron has taken a decision to initiate the process of marketing all its UK Central North Sea assets, a company spokesperson has revealed.

“Chevron regularly reviews its global portfolio to assess whether assets are strategic and competitive for future capital,” a Chevron spokesperson told Rigzone.

“A decision has been taken to initiate the process of marketing all our UK Central North Sea assets … This includes Alba, Alder, Britannia (and satellites), Captain, Elgin/Franklin, Erskine, and Jade,” the spokesperson added.

Chevron's presence in the U.K. North Sea spans more than 50 years, according to the company’s website, which highlights that on December 26, 1964, Chevron's joint venture operator Amoseas (American Overseas Petroleum Ltd.) drilled its first North Sea well, 165 miles offshore the United Kingdom.



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