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Shell’s Asset Purge to Hit UK North Sea

Extract from article by James Burgess of oil Mon 17 February 2014

Screen Shot 2013-12-22 at 19.09.52Royal Dutch Shell has announced plans to sell three oil and gas assets in the North Sea as the supermajor seeks to divest some $15 billion in assets.

In October 2013, Shell announced it would begin selling off significant assets in 2014 and 2015 in order to reduce liabilities and improve cash flow.


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