Exploration & Production

Shell to sell $7.25 bln of Canadian production assets

Shell has announced the sale of $7.25 billion of production assets in Canada’s oilsands as part of the major’s divestment plan following the acquisition of BG Group.
By Staff reporter 9 March 2017 0 24788

Shell has announced the sale of $7.25 billion of production assets in Canada’s oilsands as part of the major’s divestment plan following the acquisition of BG Group.

The interests will be sold to Canadian Natural Resources, but the deal does not include the company’s 10% stake in the Athabasca mining project.

With almost $5 billion of divestments completed in 2016, another $5 billion announced in January and the sale of its Canadian oilsands assets, Shell is halfway towards completing its $30 billion divestment target – which is...