Centrica has announced plans to sell off a big chunk of its holding in the Cygnus gas field in the southern North Sea. The deal will see Spirit Energy – a subsidiary of Centrica – offload its 46.25 per cent stake in the site for around £215m to Ithaca Energy. Centrica, which owns British Gas, said the transaction aligned with its strategy to “maximise value from Spirit’s remaining reserves” and deliver an “attractive upfront cash consideration.
” Cygnus is one of the largest gas fields in the UK section…Centrica Divests North Sea Gas Field Stake
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