Shell sells $1.3 bln of oil and gas assets in Norway, Malaysia

* Shell sells Norwegian field to OKEA for $566 mln

* In Malaysia, it sold LNG plant stake for $750 mln

* Shell has sold over $27 bln of assets since 2015

By Ron Bousso and Nerijus Adomaitis

LONDON/ OSLO, June 20 (Reuters) - Royal Dutch Shellannounced the sale on Wednesday of oil and gas assets in Norwayand Malaysia for over $1.3 billion, bringing it closer to atarget of $30 billion in disposals by year-end.

The Anglo-Dutch company agreed to sell to OKEA, a Norwegianproducer backed by private equity firm Seacrest Capital, its 45percent interest in the Draugen Norwegian offshore field and a12 percent in the Gjoa block for a total of $566 million, thetwo companies said.

Earlier, Shell announced the completion of the sale of a 15percent stake in Malaysia LNG (MLNG) Tiga to the Sarawak StateFinancial Secretary for $750 million.

Shell committed to the ambitious three-year sale planfollowing the decision to acquire BG Group in 2015, a deal thatwas completed in February 2016 for $54 billion.

The latest announcement bring the total assets Shell hassold or agreed to sell since 2015 to around $27 billion,according to Reuters calculations.

Shell will remain present in oil-rich Norway through itsstakes in several fields, including Ormen Lange and Knarr, whichit operates.

For OKEA, co-founded by the county's former oil minister OlaBorten Moe in 2015, the deal provides the first sizeable stakesin a producing field on the Norwegian continental shelf.

OKEA said the two fields will deliver around 22,000 barrelsof oil equivalent per day net to the company.

Bangchak Corporation PCL, a Thai downstream oil and gascompany, had entered into a strategic partnership with SeacrestCapital Group to finance the acquisition, OKEA said.

OKEA also said it had launched a $180 million, 5-year, fullyunderwritten senior secured bond to help finance the deal.

Shell-operated Draugen, which has been producing oil since1993, had about 24 million barrels in reserves left at end-2017,data from the Norwegian Petroleum Directorate (NPD) shows.

The Gjoa field, operated by Neptune Energy, had 13 millionbarrels of oil and 13.5 billion cubic metres of natural gas atend-2017, according to NPD data.

OKEA has a tiny stake in Aker BP-operated IvarAasen field, and a 15 percent interest in Repsol-operatedYme field, which is expected to start producing oilagain in late 2019.

The Norwegian government approved Yme's more than 8 billioncrown ($978 million) redevelopment project in March.

A previous attempt by Talisman Energy to restart the field,which was shut in 2001, failed in 2016 due to structuralproblems with its new production platform.(Reporting by Ron Bousso; Editing by Adrian Croft)