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UpstreamOnline: Centrica ‘eyeing North Sea fields’

By Upstream staff

UK energy company Centrica is set to offer up to $600 million for a clutch of North Sea gas fields owned by Shell and ExxonMobil, according to reports in the UK media.

Centrica was thought to be particularly interested in the Nogat fields, which were put up for sale last year, Reuters quoted the Sunday Times newspaper as saying in a report.

The newspaper said Centrica planned to spend at least $1.97 billion a year over the next few years buying gas fields to supply its customers.

A spokesman for Centrica said the group may well look at the North Sea assets, as they would with any other opportunity, but it was too early to say whether they would pursue it any further.

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25 February 2008 01:26 GMT  | last updated: 25 February 2008 07:47 GMT

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