
[ad_1]
Shell (LON: SHEL ) has begun selling its stake in a group of oilfields in the UK North Sea, according to marketing materials.
According to documents seen by Bloomberg, the assets include a minority stake in two fields operated by BP and an interest in a BP-operated exploration field in the east of Scotland.
A Shell spokesman declined to comment on the North Sea sale.
All sites are connected to a central processing facility known as the Eastern Trough Area Project (ETAP).
The shale producer has a 25% stake in the Meadows field and a 21% stake in the Mirren field in the same area. Net production is estimated to be around 1,000 barrels per day.
The Kate field, of which Shell owns 25%, is estimated to contain 180 million barrels of oil.
Prospective bidders will be able to access the data room on the projects in January, according to materials to be offered by mid-April.
Recommended for you
Petrofac to strike BP North Sea assets
[ad_2]
Source link