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Shell, Exxon to sell U.K. assets

From Herald News ServicesApril 19, 2010 10:00 PM

North Sea – Royal Dutch Shell PLC and ExxonMobil Corp. plan to sell assets in the central part of the U.K. North Sea to focus on other projects.

The companies are inviting cash bids for their interests in the producing Guillemot A, Teal, Teal South and Cook fields, according to Schlumberger Ltd.’ s energy marketing website.

The fields produce 11,500 barrels of oil and 11 million cubic feet of gas daily. They hold 91 million barrels of oil equivalent in recoverable reserves.

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