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PRESS: Shell May Look To Sell Lower-Quality North Sea Assets - Reuters

Tue, 12th Apr 2016 05:55

LONDON (Alliance News) - The chief executive of Royal Dutch Shell PLC said the oil major may sell some lower-grade assets in the North Sea in order to improve the overall quality of its portfolio, Reuters reported.

Ben van Beurden, speaking at a conference, said: "The North Sea for us will be an area where we have to take a look."

He said the assets Shell has acquired through its takeover of BG Group are newer, have more running room and are of higher quality, meaning Shell may look to sell some other North Sea assets.

http://uk.reuters.com/article/uk-lng-asia-shell-idUKKCN0X9083

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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