
The UK-Dutch oil company which has long battled with heavy debt, will soon be able to ease its debt burden by USD 3.8 billion (EUR 3.4 billion).
The sale of a large share of Shell's North Sea assets has now been approved by the EU Commission. The buyer, British oil company Chrysaor, can now take over Shell's shares in the following ten oil fields: Buzzard (21.73%), Beryl (39.4%), Bressay (18.4%), Elgin-Franklin (14.1%), J-Block (30.5%), the Greater Armada cluster excluding Gaulpe (76.4%), Everest (100%), Lomond (100%), Erskine (32%) and Schiehallion (10%).
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app