Shell completes sale of North Sea blocks to Chrysaor
Shell (ticker: RDSA) has completed the sale of a package of UK North Sea assets to Chrysaor for a total of up to $3.8 billion, including an initial consideration of $3.0 billion and a payment of up to $600 million between 2018-2021 subject to commodity price, with potential further payments of up to $180 million for future discoveries. This sale was announced on 31 January 2017 and has an effective date of 1 July 2016.

The package of assets consists of Shell’s interests in Buzzard, Beryl...

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