(Bloomberg) -- Royal Dutch Shell Plc and the U.K.
unit of Exxon Mobil Corp. said they will sell stakes in North
Sea assets because of high operational costs.
The assets up for sale include production licenses and
infrastructure, the companies said in a joint statement sent by
e-mail today. Shell's production will be reduced by about 25,000
to 30,000 barrels a day of oil equivalent after the sale, almost
10 percent of its total output from the U.K. North Sea region.
Read more at Bloomberg Energy News
unit of Exxon Mobil Corp. said they will sell stakes in North
Sea assets because of high operational costs.
The assets up for sale include production licenses and
infrastructure, the companies said in a joint statement sent by
e-mail today. Shell's production will be reduced by about 25,000
to 30,000 barrels a day of oil equivalent after the sale, almost
10 percent of its total output from the U.K. North Sea region.
Read more at Bloomberg Energy News
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