Shell has to replace sold assets1 May 2023 08:40
.......New Shell Ceo Wael Sawan.....previously head of Shells integrated Gas and Renewables Division.....has been selling down none strategic assets since February......Russian Gas.....$1.2billion.....and now 27% stake in Australian Browse field to BP.....for $350m+(figures Credit Suisse)......In total thats £1.4Billion UK......Question where will Shell spend this capital to replace assets sold......One prime area is Timor Leste.....or Barons Chuditch asset....Next door to Shells major Prelude 68% and Crux 84% controlled Australian assets.....Remember Shell pulled out of Greater Sunrise Gas fields in 2018 because of Timor Leste insistanse on having LPG plant built in East Timor......Shell wanted to use floating platforms.....Conclusion Baron need a deal.....Shell look ready to pounce.....Reg