Engie Sheds North Sea Oilfield Stake

France's Engie has sold a 20-percent stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum, a Norwegian oil firm with private equity backing, it said on Tuesday.

Engie retains a 30-percent stake in the field and the operatorship of the license, called PL 636. The other partners in the field are Japan's Idemitsu with 30 percent, London-listed Tullow Oil (TUWLF) with 20 percent and now Wellesley Petroleum with 20 percent.

The partners will drill one well in the license this summer, in a prospect called Cara, Engie said.

Reporting by Gwladys Fouche