Riverstone Holdings LLC and Blackstone Group LP-backed Siccar Point Energy Ltd. are considering bidding for oil and gas fields in the North Sea that are being sold by Russian billionaire Mikhail Fridman’s LetterOne, people with knowledge of the situation said.
The firms, as well as Rio de Janeiro-based oil producer PetroRio SA, are expected to bid for the assets by the end of July in a deal that may be valued at about $1 billion, the people said, asking not to be identified because negotiations are private. A buyer will likely be picked in August, they said.
Brazil Energy Insight 
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