Written by Erikka Askeland – 05/12/2016 7:23 am
Shell is reported to be in talks to sells its stake in an Irish gas field to an Australian infrastructure fund.
Macquarie is understood to have approached the oil and gas giant over its 45% stake in Corrib, valuing it at around £1billion.
If a deal is struck, the sale will be part of Shell’s plan to offload $30billion of assets in the wake of its mega-merger with BG Group earlier this year.
It is uncertain what would happen to the operatorship of the field which started pumping gas at the end of last year. Other stakeholders in the field include Statoil and Canada’s Vermillion Energy.