The American oil company ConocoPhillips sells a large part of its assets in the North Sea. Oil company Chrysaor counts nearly 2.7 billion dollars for the two gas fields in British waters and an interest in another field in Shetland.

ConocoPhillips had been looking for a buyer for the activities for some time, so that they could focus more on shale activities in the United States. Previously, the British chemical company Ineos took care of the activities, but conversations broke down early this year.

After the transaction, Chrysaor becomes one of the most important oil producers in the North Sea region. The fields last year were good for a daily production that equals 72,000 barrels of oil. The deal is expected to close in the second half of this year.