* Shell seeks to sell stakes in Kvitebjorn and Valemon
* Assets seen raising $50-$100 mln in total - sources
By Ron Bousso
LONDON, June 11 (Reuters) - Royal Dutch Shell has
launched the sale of its stakes in two oilfields and two
pipelines in Norway, according to a sales document seen by
Reuters.
Shell is selling its 6.45% interest in the Kvitebjorn field
and pipeline and its 3.225% interest in the Valemon Unit and
Valemon Rich Gas Pipeline, according to the document.
The offshore assets are operated by state-controlled
Norwegian oil firm Equinor.
They access to a resource of 17 million barrels of oil
equivalent with an annual daily production of 7,200 barrels of
oil equivalent, according to the document.
The assets are expected to raise between $50 and $100
million in total, according to industry and banking sources.
A Shell spokesman said: "Shell continuously evaluates
opportunities for our global portfolio including our position in
Norway. We are not able to comment on activities that we may or
may not engage in due to commercial sensitivities, and have
nothing more to add at this time."
Shell is currently a partner in 34 production licences
offshore Norway and operates 14 of them, according to its annual
report.
In 2018, Shell sold several of its Norwegian assets to OKEA,
a Norwegian producer backed by private equity firm Seacrest
Capital, for $566 million.
(Reporting by Ron Bousso; Editing by Mark Potter)