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Shell seeks to sell out of several Norwegian fields

Ron Bousso: 8 MARCH 2018

HOUSTON (Reuters) – Royal Dutch Shell is selling out of the ageing Draugen field in Norway and is also offering small stakes in a number of other fields, according to a document seen by Reuters. The sale process is part of the Anglo-Dutch company’s drive to sell $30 billion of assets by the end of the year following the acquisition of BG Group in 2016. It has so far sold over $25 billion. Shell is offering its 44.56 percent stake in the Draugen field, which produces around 225,000 barrels per day, according to the sales brochure. Draugen, which Shell operates, started producing in 1993 and has another 20 years of life, the document said. FULL ARTICLE and its sister websites, and are all owned by John Donovan

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