Are the Newcomers moving for Chevron assets
Private equity backed newcomers to the North Sea such as Chrysaor, Neptune Energy, Spirit and Ineos are expected to be among potential buyers of Chevron’s central North Sea assets. Chevron is marketing its interests in Alba, Alder, Britannia, Captain, Elgin/Franklin, Erskine, and follows ConocoPhillips decision to reduce its equity in the Clair field, west of Shetland, from 16.5% to 7.5%. The operations employ 610 staff and 220 contractors. Chevron tis he second largest US oil pro...