* Shell lines up large North Sea asset sale
* In talks to sell out of Gabon, NZealand, Thailand, Tunisia
* Gulf of Mexico deal sets deal value at $60/bbl
* Shell seeks to sell $6-$8 bln of assets in 2016
By Ron Bousso: Wed Aug 31, 2016
LONDON, Royal Dutch Shell’s first oil field sale after its $54 billion BG Group acquisition bodes well for its disposal talks in the North Sea, Gabon and New Zealand, according to sources, signalling buyers will meet its expectations on value.
The $425 million deal in the Gulf of Mexico is welcome news for the Anglo-Dutch oil and gas giant which has struggled to kick off its plan to dispose of $30 billion of assets by 2018 or so in order to pay for the February deal and maintain a generous dividend policy amid soaring debt.