SSE makes deal to sell gas exploration and production assets by Mark Lammey
The Perth HQ of SSE.
Energy firm SSE has clinched a deal to sell its UK continental shelf (UKCS) gas exploration and production assets to Viaro Energy for £120 million.
Viaro, meanwhile, is selling its stakes in the Greater Brae Area (GBA) to a company owned by the emirate of Fujairah in the United Arab Emirates for $1 (75p).
SSE’s package includes non-operated stakes in 15 producing fields in three areas of the North Sea, including 20% of Total’s Greater Laggan Area (GLA), west of Shetland, and interests in the Easington and Bacton catchment areas.