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Shell CEO says likely to sell some North Sea assets to improve portfolio

Tuesday, April 12, 2016 - 12:27

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Shell CEO Ben van Beurden said on Tuesday the company could sell some of its lower grade North Sea assets to improve the overall quality of its portfolio.

[PERTH] Shell CEO Ben van Beurden said on Tuesday the company could sell some of its lower grade North Sea assets to improve the overall quality of its portfolio.

"The North Sea for us will be an area where we have to take a look," Mr van Beurden told reporters at a conference.

He said the BG assets Shell acquired in the North Sea are newer, have more running room and are of higher quality, so the company would look to sell some of its other North Sea assets.

REUTERS

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