Royal Dutch Shell Plc  .com Rotating Header Image

The Scotsman: Shell and Exxon to sell some North Sea assets

The Scotsman image

(The Murdoch gas platform in the North sea is seen in this file photo on January 11, 2007. Royal Dutch Shell and Exxon Mobil Corp. have put North Sea oil and gas fields with around 74,000 barrels per day of production up for sale, as the oil majors reduce their involvement in the mature oil province. REUTERS/ConocoPhillips/Handout)

LONDON (Reuters) – Royal Dutch Shell and Exxon Mobil Corp. have put North Sea oil and gas fields with around 74,000 barrels per day of production up for sale, as the oil majors reduce their involvement in the mature oil province.

A Shell spokesman said the company was already in talks with private-equity backed Fairfield Energy on the sale of some of the assets.

Many analysts believe that the oil majors should reduce their exposure to the North Sea and reinvest money in more prospective regions but UK-registered companies like Shell and rival BP are cautious about showing a lack of commitment to the North Sea.

(c) Reuters 2007. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

This article: http://business.scotsman.com/latest.cfm?id=932312007

Last updated: 14-Jun-07 11:15 BST

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.