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Shell: ‘No plans’ to sell North Sea assets

Shell has told BBC Scotland it has no more plans to sell assets

Oil giant Shell will not sell off any more North Sea assets.

A senior figure at the company has told BBC Scotland he has no plans to sell resources despite the chancellor announcing measures to make the process easier.

Shell has just completed the sale of a package of assets to the company Chrysaor for $3.8bn.

It included stakes in the Buzzard, Beryl, Elgin-Franklin and Schiehallion fields.

Director of Shell’s Upstream Commercial business, Steve Phimister, said he would now invest in what remains. FULL ARTICLE

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