Shell sells another $1.3 billion in oil assets

“Royal Dutch shell” has shortened by more than a billion dollars from the global oil portfolio, selling off assets in Norway and Malaysia.

The Norwegian subsidiary of a large oil Norkse shell, has reached an agreement with the Ocean on the sale of their 44.56 PC of shares in the draugen field and Not 12 PCs. share in the Gjøa field for $556 million.

Meanwhile, the Malaysian subsidiary of shell has completed the sale of its 15pcs in Malaysia tiga LNG the Malaysian state of Sarawak financial Secretary for $750m.

Two sales of assets to firmly keep the oil major will be able to shrug off all $ 30 billion of oil and gas assets before the end of the year, in line with an ambitious three-year term in 2016.

At the time the shell was overexcited…

Sign up for free to read this article, or log in to your account the Telegraph

To register

Log in