French oil giant Total is preparing to sell more than £1 billion worth of UK North Sea assets, a news report said.
Total will offload a third of its equity in the Laggan-Tormore fields west of Shetland, Reuters reported, citing banking and industry sources.
The sale would also include stakes in a number of smaller fields bought from Maersk Oil earlier this year, including Golden Eagle, Dumbarton, Bruce and Keith.