Speculation mounts over UK North Sea exit for Chevron

Speculation about a potential North Sea exit for Chevron mounted yesterday after the US firm said it had received a bid for its stake in the Rosebank field.

It’s worth noting that while an offer has been tabled, Chevron has not publicly stated its intention to sell and is pressing ahead with front end engineering and design work.

But the company did create a stir in July when it confirmed plans to offload its entire UK central North Sea (CNS) portfolio, which includes operated interests in the Alba, Alder, Captain and Erskine fields, and non-operated stakes in Britannia and its satellites, Elgin-Franklin and Jade.

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