London, UK – The Anglo–Dutch multinational oil and gas company Royal Dutch Shell is set to sell its interests in three of its British North Sea assets as it ramps up disposals following a shock profit warning.
The oil giant is selling the Anasuria floating production, storage and offloading installation, and the Nelson and Sean platforms.
The company said it wants to focus on assets where it sees an opportunity for long-term growth amid pressure to tighten spending as costs rise.
Glen Cayley, Vice President of Upstream Shell UK and Ireland, said: “The UK is an important business region for Shell, and our investment strategy continues to focus on assets where we see an opportunity for growth using our world-class technological know-how.
“We are focusing and strengthening our portfolio for the decades ahead with many exciting projects such as new wells we are drilling at Shearwater, our investment in extending the life of Gannet, our investments in the non-operated ventures of Schiehallion and Clair and our purchases, last year, of a further interest in Beryl and the Curlew floating production, storage and offloading (FPSO) vessel.”
Shares were little changed at 2,128.50p at 16:03 on Friday.