Private UK oil company Chrysaor has reportedly moved into pole position to buy a large slice of Shell’s operated UK North Sea portfolio in a deal that could be worth $2 billion.
UK newspaper The Sunday Times quoted industry sources as saying that Chrysaor has pulled ahead of other suitors seeking to land the assets.
Chrysaor, led by chief executive Phil Kirk, is likely to buy “most, but perhaps not all of the North Sea fields Shell is hoping to unload”, the newspaper said.
Swiss
