The Anglo-Dutch Royal Dutch Shell agreed to sell a package of oil and gas assets in the British North Sea Chrysaor company for nearly $ 3.8 billion, according to a Shell statement.
The amount of the transaction includes an initial counter provision of $ 3 billion, payments of up to $ 600 million in the period from 2018 to 2021, taking into account fluctuations in commodity prices, as well as potential additional payments of $ 180 million, depending on future discoveries in these fields.
The assets include the proportion of Shell’s participation in the fields and blocks Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, Greater Armada, Everest, Lomond, and Erskine, and 10% in the Schiehallion.
In 2016 the total production of hydrocarbons in these areas amounted to about 115 thousand barrels of oil equivalent per day. In total, Shell produced from the North Sea about 211 thousand barrels of oil equivalent per day.
By the end of 2018 Shell plans to sell assets worth about $ 30 billion to finance the acquisition of the British gas company BG Group for $ 54 billion.
