Shell Seeks $1.5 Billion From Gulf Of Mexico Asset Sales ...Middle East

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Shell Seeks $1.5 Billion From Gulf Of Mexico Asset Sales
source : OILPRICE ( Middle East ) () 21
Shell is looking to sell its interest in two operating oil and gas projects in the U.S. Gulf of Mexico, which the supermajor hopes could fetch a total of $1.5 billion, Reuters reported exclusively, quoting sources familiar with the plans. Shell, a major operator in the Gulf of Mexico, is looking to sell stakes in more mature developments­—its Auger hub and the minority non-operational stake in the Conger field—to focus on newer projects, according to Reuters’ sources. Auger is one of Shell’s production platforms in the…

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