Total seeks buyers for stake in North Sea gas pipeline, sources say
The SEAL pipeline, operated by Royal Dutch Shell, transports natural as from the Shearwater and Elgin Franklin platforms to the Bacton Gas Terminal on the Norfolk coast
The sale could raise about $200 million, one of the sources said.
Total has engaged in direct discussions with several interested parties in recent weeks, the sources said.
A spokesman for Total declined to comment.
But energy pipelines and infrastructure remain attractive assets for investors as they often guarantee steady returns over long periods of time.
Private-equity group HitecVision recently renegotiated its deal to buy North Sea oilfields from Total.