ExxonMobil has been searching for a buyer for its UK business since 2019.
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Mubadala and its partners will need to undertake subsurface studies and a 3D seismic shoot over an initial three-year period.
Priority will be on reducing debt.
Imports were up year on year but down month/month.
Science graduates are sought to carry out data analysis of southern North Sea.
The facility will reduce Iranian gas flaring significantly, officials say.
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