LONDON (Thomson Financial) – Royal Dutch Shell PLC and ExxonMobil Corp unit Esso Exploration and Production Ltd will be selling some of their North Sea assets, Shell said in a statement.
Shell said the planned sale will impact 25,000-30,000 barrels of oil equivalent per day of its production, or less than 10 pct of its UK output of 350,000 boepd.
The pair will be selling their interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican, as well as in Otter and Hudson. They will also dispose of their stakes in the acreage, production licences and associated infrastructure in Quadrants 210 and 211.
The assets will be offered to the market on an ‘open, competitive basis,’ Shell said.
‘Active management of our assets is not new, and is a key part of Shells portfolio-based strategy,’ said Tom Botts, executive vice-president of Shell’s exploration and production unit in Europe.
‘Shell remains committed to Europe and the North Sea as a core business area and holds a key strategic position in security of energy supply to the UK,’ he said.
Copyright AFX News Limited 2007. All rights reserved.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
