SHELL SELLS BRITAIN $3.8 BLN
SHELL - Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries. This sale was announced on 31 January 2017 and has an effective date of 1 July 2016. Completion follows receipt of all necessary regulatory and partner approvals.
The package of assets consists of Shell's interests in Buzzard, Beryl, Bressay, Elgin-Franklin,…
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