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Shell selling 2 assets in U.S. Permian basin -CFO

Tue, 01st Nov 2016 15:07

LONDON, Nov 1 (Reuters) - Royal Dutch Shell is selling twosmall land packages in the U.S. Permian Basin but will alsoconsider acquisitions in the oil-rich West Texas province, ChiefFinancial Officer Simon Henry said on Tuesday.

Shell, which is in the midst of a $30 billion disposalprogramme to pay for its $54 billion acquisition of BG Group,will remain a key future engine of growth, Henry said on ananalysts call.

"The Permian is the crown jewel. Not just in terms of valueand quality of the asset but also the capability that is beingdeveloped there," he said.

The Anglo-Dutch oil and gas company has 12 billion barrelsin U.S. and Argentina shale resources, he said.

(Reporting by Ron Bousso, editing by Louise Heavens)

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