Kuwait's state oil firm will pay around $500 million for a stake in a North Sea oil field owned by oil and gas explorer EnQuest Plc, the London-listed firm said.
EnQuest said on Tuesday it will farm out a 35 percent interest in its Alma and Galia oil field developments to the
Kuwait Foreign Petroleum Exploration Company (KUFPEC), a unit of the Kuwait Petroleum Corporation.
Chief Secretary to the Treasury Danny Alexander said in a statement that the move was "good news for North East Scotland".
No comments:
Post a Comment