Tag Archives: North Sea

SHELL TO SELL PACKAGE OF UK NORTH SEA ASSETS TO CHRYSAOR FOR UP TO $3.8BN

The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Block, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.

Buzzard (21.73%), Beryl (39.4%), Bressay (18.4%), Elgin-Franklin (14.1%), J-Block (30.5%), the Greater Armada cluster excluding Gaulpe (76.4%), Everest (100%), Lomond (100%), Erskine (32%) and Schiehallion (10%). Shell is the operator of Armada, Everest and Lomond – upon completion of the sale, Chrysaor will assume operatorship of those assets.

With the exception of Schiehallion, in which Shell will retain a 45% stake, the percentages listed represent Shell’s total interest in each of the assets.

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NORTH SEA BFOE – FEBRUARY 2017 – LOADING PROGRAMME – UPDATE 2

Trading sources said two February-loading Forties cargoes, parcels F0212, currently with BP, and F0218, currently with Shell, have been deferred to March, meaning next month’s daily supply will amount to around 429,000 barrels per day, compared with an originally planned rate of around 471,000 bpd.

Full story from Reuters here.

 

 

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