EnergyWatch

Media: Shell just days away from huge sale in the North Sea

Oil major Shell is close to divesting large parts of its oil and gas activities in the North Sea, according to Reuters' sources. Maersk is not the potential buyer.

Photo: Shell

After a long period of speculations, Shell is allegedly now just days away from selling off many of its assets in the North Sea. The ten-year-old British oil company Chrysaor, with financial aid from US equity fund EIG, is supposedly on the brink of taking over oil and gas assets worth USD 3 billion (EUR 2.8 billion).

The transaction is expected to be announced in relation to the release of Shell's annual report, Thursday, Feb. 2, writes Reuters, citing anonymous sources in the bank sector.

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