Tullow Oil subsidiary Tullow Oil SK Ltd. has completed the sale of 53.1% of its Schooner unit interest and 60% of its Ketch asset in the U.K. southern North Sea to Faroe Petroleum (U.K.) Ltd., according to a news release. Operatorship of Schooner and Ketch will now transfer to Faroe.
Tullow continues to market its remaining southern North Sea gas assets in the U.K. In the Netherlands an agreement to sell operated and non-operated L12/L15 Block interests and non-operated Q4 and Q5 block interests to AU Energy B.V., a subsidiary of Mercuria Energy Group Ltd., for a consideration of $81.1 million, was announced in September, the release said.
In July, Tullow Oil also announced the sale of its interests in the Brage Field in Norway to Wintershall for a cash consideration of $7.5 million.
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