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Press Release04th Jul 2018

Asset sales present new opportunities to other companies on the UKCS says Oil & Gas UK

Following the news (today) that Chevron is selling its Central North Sea assets after a review of its portfolio, Deirdre Michie, Oil & Gas UK’s chief executive, said:

“While we cannot comment on the commercial decisions of our members, we commend the contribution Chevron has made and continues to make to the success story of the UK North Sea. The sale, and indeed purchase of assets, is a natural part of the commercial life of the UKCS as companies optimise their portfolios.  Sale of these assets will present new opportunities for other companies who will seek to maximise recovery from mature assets on the UK Continental Shelf.”