Dec 19, 2016
Shell close to selling North Sea and Gabon assets
Royal Dutch Shell is closing in on asset sales in the North Sea and Gabon that will increase confidence that its $30bn asset disposal programme is gaining momentum. The potential deals in the North Sea and Gabon pose a bigger test for Shell because they involve upstream exploration and production assets that have proved hard to sell. Shell is in advanced negotiations over the sale of a package of North Sea assets - a combination of older and newer fields - to Chrysaor, a small private North Sea explorer backed by EIG Global Energy Partners, a US private equity company, according to people briefed on the process. The assets could be valued at more than $2bn. Shell would nevertheless remain a significant investor in North Sea exploration and production. In Gabon, Carlyle Group, the US private equity fund, and Perenco, an independent European oil and gas company, have been vying for Shell assets valued at about $700m.
Related companies
Make a complaint about Shell by viewing their customer service contacts.
