Aberdeen oil firm Siccar Point Energy today completed the sale of a stake in the Jackdaw discovery in the central North Sea.
Siccar Point said Dutch firm Dyas had agreed to buy its 26% equity interest, allowing it to focus on its assets west of Shetland.
Jackdaw, located 150 miles east of Aberdeen, was discovered in 2005.
It is thought to be capable of producing more than 100million barrels of oil equivalent.
Shell holds the operatorship and a 74% stake in Jackdaw.
Siccar Point bought its 26% interest in Jackdaw from OMV in January 2017.
Recommended for you
Read the latest opinion pieces from our Energy Voice columnists
- OPEC decision: how much more oil will this bring the market?
- OPINION: Decom giveaway laudable, but surely better to leave in place
- OPINION: Microsoft data centres – why Orkney?
- Propelling innovation through gender diversity offshore
- Opinion: Firms must strive to attract workers back to sector as skills shortage looms