Oil giant Exxon to sell $2bn North Sea assets

EXXON Mobil is expected to part with $2 billion (£1.2bn) of North Sea assets as the so-called "super majors" continue to shift their focus to other faster growth areas such as Brazil. Despite recent discoveries such as the Catcher prospect - the biggest North Sea find since Buzzard in 2001 - the waters off the coast of Aberdeen are struggling to retain the interest of the biggest oil companies.
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Source: Scotsman