Centrica has reached an agreement with Total E&P UK (and its affiliates) to acquire their non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388M (£246M). The acquisition is expected to add immediate strong cash flow and increase Centrica's scale in the CNS region. The transaction will also help to maintain the mix of oil in its upstream portfolio.
Centrica aquisition
