Privately owned operator Perenco has appointed advisers as it considers a sale of its UK southern North Sea gas business.
Confirmation of the move follows reports in UK newspapers last weekend that Perenco had launched a review.
A Perenco spokesman said: “As part of an assessment of its future global investment priorities, Perenco is reviewing strategic options for the southern North Sea gas business, which may or may not lead to any divestments or new partnerships.
