Friday 14 February 2014

BBC News - Shell to sell off three North Sea assets

BBC News - Shell to sell off three North Sea assets:



"Shell is to sell its interests in three of its assets in the North Sea but says it is still committed to its operations in UK waters.



The company informed staff of the move earlier this week.



It is selling the Anasuria floating production, storage and offloading installation, and the Nelson and Sean platforms.



Shell said it wants to focus on assets where it sees an opportunity for growth.



Glen Cayley, vice president of Upstream Shell UK and Ireland, said: "The UK is an important business region for Shell, and our investment strategy continues to focus on assets where we see an opportunity for growth using our world-class technological know-how."



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