A significant downsizing…
August 29, 2016
Investment companies backed by some of the world’s biggest private equity groups have expressed interest in North Sea assets being sold by Royal Dutch Shell. Shell insists it will not abandon the North Sea, where it has 33 platforms and interests in 65 fields. Further multibillion-dollar investment is planned in two big developments — Clair and Schiehallion — west of the Shetland Islands. However, Shell is looking to sell a range of older assets, as well as stakes in newer fields, in what would amount to a significant downsizing, according to people involved in the process.
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