A North Sea retreat is not on the cards for Shell, according to its chief executive.
Shell’s “rejuvenation” in the North Sea…
Written by Rita Brown –
Ben van Beurden hailed the region’s “tremendous” progress.
His commitment to the region comes after it sold more than half of its North Sea oil and gas fields for $3.8billion to Chrysaor.
The sell-off included interests in the fields Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, and a 10% stake in Schiehallion.
Mr van Beurden insisted the shift in assets was about breathing new life into the portfolio Shell ring-fenced to keep.