Sector News

Reports: Shell looking to sell stake in some North Sea assets

October 16, 2015
News

Oil major Shell is reportedly looking to sell its stake In the Gannet field in the North Sea.

According to reports in The Times, the oil production platforms and pipelines 110 miles from Aberdeen are being marketed to buyers.

As well as the Gannet field, Shell could also sell its 26% stake in the Triton floating production, storage and offloading vessel (FPSO) operated by Dana Petroleum.

The FPSO processes oil and gas from a number of fields including Clapham, Pict and Saxon.

Shell has declined to comment on the move but said it was “continuously looking at opportunities worldwide” as It looks to streamline costs during the oil price decline.

The Gannet field is operated by Shell while ExxonMobil holds the remaining 50% share.

Earlier this year Shell and Esso Exploration signed a sales and purchase agreement to sell off their interest in the Anasuria cluster in the Central North Sea for $105million.

Source: Energy Voice

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Food & Drink

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

Send this to a friend