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Supermajor Shell is reportedly considering putting up for sale assets from its $3 billion Norwegian portfolio in the latest divestment programme move following the merger with BG Group.
Supermajor Shell is reportedly considering putting up for sale assets from its $3 billion Norwegian portfolio in the latest divestment programme move following the merger with BG Group.
The Anglo-Dutch player launched a programme to reduce its debt after the BG takeover, and announced it is targeting the sale of around $30 billion worth of assets over the next three years from its combined portfolio as it plans to exit around 10 countries.
The operator has previously said it is seeking to sell a large package of its North Sea assets, from both the UK and Norwegian North Sea.
Shell has now lined up investment bank Rothschild to conduct a review of its Norwegian unit, the Sunday Times reported.
According to report, the group is considering selling of part or all of its Norwegian business, which operates several large fields in the Norwegian North Sea and holds smaller stakes in others fields.
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