By Simon Bowers
Shell’s sale of half of its interest in Sakhalin-2 will result in a “fairly dramatic impact” on the Anglo-Dutch group’s production in years to come, according to analysts. Jon Rigby, at UBS, wiped 7.4%, or 330,000 barrels of oil equivalent a day, off his forecast for reported production in 2015.
The deal, which hands control of Sakhalin-2 to Russian state monopoly Gazprom, will see Shell relinquish about 2% of its 60bn barrels of oil equivalent. Shell will update its future production profile when reporting full-year figures in February. Royal Dutch Shell A shares closed down 1p at £17.89.