Shell Sells Part Of North Sea Assets For $3.8bn





Royal Dutch Shell is to sell its entire holdings in nine oil fields in the North Sea to oil firm Chrysaor


Royal Dutch Shell is to sell its entire holdings in nine oil fields in the North Sea to oil firm Chrysaor. AFP/File / CARL DE SOUZA

Anglo-Dutch energy giant Royal Dutch Shell has agreed to sell a chunk of its North Sea assets to oil firm Chrysaor for up to $3.8 billion (3.6 billion euros), it said Tuesday.




Shell said in a statement that it will sell its entire holdings in nine oil fields plus a smaller stake in a tenth field to explorer Chrysaor, adding that the deal would streamline its portfolio after the 2016 takeover of BG Group.

Source: AFP
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