Tullow to sell 60% of key North Sea fields

Tullow Oil is to sell 60 per cent of its Schooner and Ketch gas fields in the North Sea, it said.

30th April, 2014
Tullow chief executive Aidan Heavey.

Tullow Oil is to sell 60 per cent of its Schooner and Ketch gas fields in the North Sea, it said.

The Dublin and London based oil exploration company announced the farm down agreement with independent explorer Faroe Petroleum. The deal is worth US$75.6 million as well as a royalty on future Schooner developments.

Tullow also said in an interim management statement that it had made good progress across its business since the beginning of the...

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