COMPANY NEWS: Kerr-McGee parts with certain N. Sea assets, Hutton TLP

Kerr-McGee Corp. has sold its interests in certain UK North Sea assets, including the Hutton tension leg platform.Last month, Canadian Natural Resources Ltd., Calgary, purchased exploration properties in the North Sea from a unit of Kerr-McGee for $120 million in cash. The deal also calls for a unit of Canadian Natural to surrender some of its interest in Harding field to Kerr-McGee, increasing the Oklahoma City-based independent's interest in the field to 30%.In a separate transaction, Kerr-McGee, through its affiliate Kerr-McGee Resources (UK) Ltd., sold its 14.49% interest in Ross field, which lies in the UK North Sea, to Paladin Expro Ltd., a wholly owned unit of London-based Pala...

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