Bridge Energy Looking for Partner for UK Assets
Following a strategic review of its portfolio, Bridge Energy ASA is seeking to identify a strategic partner to acquire up to half of its current interest in the producing Victoria Field, in the Vulcan East and Vulcan Northwest development projects and in the Triton exploration prospect. Bridge has retained Jefferies International Limited, the London based investment bank, to assist with the process. The company remains committed to these development projects and will retain a material interest and operatorship following any sale.
Bridge Energy is continually seeking to optimise its portfolio of assets and to utilize the company's resources in the most efficient way. The introduction of a strategic partner would allow the company to pursue additional growth options in parallel with the development of its UK gas portfolio.