North Sea, Malaysia properties sold
Shell (ticker: RDS) continued its divestiture program today, selling assets in the North Sea and Malaysia for a combined $1.3 billion.

Shell is simplifying its position in the North Sea, selling its interests in two fields to OKEA, a Norwegian offshore operator. Shell will sell its entire interest in the Draugen field, 44.56%, and 12% interest in the Gjoa field for a combined $556 million. Shell is currently the operator of Draugen, so OKEA will assume this role when the acquisition is completed.


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