Maersk Oil continues its plan to divest itself of interests in the UK’s North Sea. British firm RockRose Energy has snapped up Maersk Oil’s non-operated interests in the Wytch Farm (7.43%), Scott (5.16%) and Telford (2.36%) fields for an undisclosed sum.
Maersk Oil has been steadily reducing its exposure in the UK North Sea region for the past 18 months as it retrenches operations elsewhere amid loss-making conditions brought around by the low price of crude.