shell sells part of north sea assets for 38bn
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Shell sells part of North Sea assets for $3.8bn

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Arab Today, arab today Shell sells part of North Sea assets for $3.8bn

Royal Dutch Shell is to sell its entire holdings
London - AFP

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.

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