Shell sells $1.3 bln of oil and gas assets in Norway, Malaysia [Reuters (UK)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Shell sells $1.3 billion of oil and gas assets in Norway, Malaysia | Reuters 3 Min Read LONDON/ OSLO (Reuters) - Royal Dutch Shell ( RDSa.L ) announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital, its 45 percent interest in the Draugen Norwegian offshore field and a 12 percent in the Gjoa block for a total of $566 million, the two companies said. Earlier, Shell announced the completion of the sale of a 15 percent stake in Malaysia LNG (MLNG) Tiga to the Sarawak State Financial Secretary for $750 million. Shell committed to the ambitious three-year sale plan following the decision to acquire BG Group in 2015, a deal that was completed in February 2016 for $54 billion. The latest announcement bring the total assets Shell has sold or agreed to sell since 2
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