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France's Engie sells stake in N.Sea oilfield

Reuters - UK Focus

OSLO, Feb 9 (Reuters) - France's Engie (Other OTC: ENGIY - news) has sold a 20-percent stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum, a Norwegian oil firm with private equity backing, it said on Tuesday.

Engie retains a 30-percent stake in the field and the operatorship of the license, called PL 636. The other partners in the field are Japan's Idemitsu with 30 percent, London-listed Tullow Oil (Amsterdam: TU6.AS - news) with 20 percent and now Wellesley Petroleum with 20 percent.

The partners will drill one well in the license this summer, in a prospect called Cara, Engie said. (Reporting by Gwladys Fouche, editing by Terje Solsvik)