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Beryl

Shell to Increase Participation in the Beryl Area Fields in the North Sea

Published October 25, 2012

THE HAGUE, the Netherlands, October 25, 2012 — /PRNewswire/ —

Shell announced today the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (“SAGE”), for US$ 525 million.

he Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apache and with the acquisition Shell’s interest in the different fields will increase by a range of between 9-65% depending on the field. read more

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