Privately-held independent Nobel Upstream and a partnership of Seacrest Capital-backed Azimuth Group with Thailand’s Bangchak Corporation are understood to be among those that have tabled bids for Hungary-based Mol’s UK North Sea assets.

According to industry sources, Bank of America Merrill Lynch received several bids in recent weeks and is currently negotiating sales and purchase agreements.

Details of the offers were not available, but the sources told Upstream “an array” of bids were received for different parts of the portfolio and using different financing methods.