Small oil companies hoping for Dong sale in bits

If Dong Energy does not manage to sell its entire fossil production at once, several companies are ready to snatch it up in small bites. Just not the Danish ones.

Håndværkstilbud eller hæmsko? Dongs aktiver i den danske del af Nordsøen er lidet interessante ved et frasalg i bidder. | Photo: Dong Energy

Denmark's Dong Energy would prefer to sell its Oil & Gas division in one piece. However the market in the North Sea is hardly a site of bustling activity, where there seem to be more "for sale" signs pitched than interested buyers. Both Shell and Maersk Oil have been named as potential sellers, while the latter's merger with Dong reached a standstill last week.

Meanwhile, several small players are ready to pounce should Dong give up on the dream of selling the division in one big package. At least, Norwegian oil company Fortis Petroleum as well as Faroe Petroleum are ready to buy the most attractive parts of the Danish energy company's fossil portfolio, writes Danish daily Børsen.

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