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Bloomberg: Shell Wants to Sell Some U.K., Irish, Faroe Oil, Gas Prospects

By Stephen Voss

Aug. 29 (Bloomberg) — Royal Dutch Shell Plc is seeking buyers for stakes in several oil and natural-gas exploration assets off the coast of the U.K., Ireland and Faroe Islands, a Schlumberger Ltd. energy asset marketing Web site said.

Shell is offering U.K. license P799, including the South Uist gas prospect, Irish licenses 2/94 and 2/05, which include the Dooish gas condensate discovery, and Faroe licenses 007 and 009, which include the William oil prospect, the site said.

An online data room opened yesterday and offers are due Oct. 15, the Web site said. Officials at Shell’s Aberdeen press office didn’t immediately return a phone call seeking comment.

To contact the reporter on this story: Stephen Voss in London at [email protected]

Last Updated: August 29, 2007 02:58 EDT

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