Total is set to sell a third of its stake in the vLaggan Tormore gas field along with other oil and gas assets in the UK North Sea that could fetch a total of $1.5 billion, four banking and industry sources said, according to Reuters.
The divestment will include stakes in a number of smaller fields Total acquired as part of the 2017 $4.95 billion deal to buy the oil and gas division of Moller-Maersk, the sources said. The deal was completed in March.
Those fields include Golden Eagle, in which Total has a 32 percent stake, as well as Dumbarton (30 percent), Bruce (43 percent) and Keith (25 percent).
