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CNNMoney.com: Shell, Esso in exclusive talks with Abu Dhabi National Energy re N Sea assets

March 14, 2008: 07:12 AM EST

LONDON, Mar. 14, 2008 (Thomson Financial delivered by Newstex) — The Abu Dhabi National Energy Company PJSC (TAQA) said it is in exclusive negotiations with Royal Dutch Shell PLC and ExxonMobil Corp unit Esso Exploration and Production Ltd for the purchase of some of their North Sea assets.

The talks relate to Shell and Esso’s equity interests in the Tern, Eider, Cormorant North, South Cormorant fields and related sub-sea satellite fields and infrastructure.

TAQA highlighted the talks do not constitute a purchase agreement at this stage.

Shell confirmed plans to sell the assets in June last year.

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Newstex ID: AFX-0013-23767297  

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23767297.htm

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