Exploration & Production

Brussels OKs Chrysaor's acquisition of Shell North Sea assets

The European Commission has approved Chrysaor Holdings' acquisition of sole control over Shell’s northern North Sea petroleum business.
By Staff reporter 16 June 2017 0 26402

The European Commission has approved Chrysaor Holdings' acquisition of sole control over Shell’s northern North Sea petroleum business, it said on Friday.

Chrysaor is part of United States-based EIG Global Energy Partners, an investment fund specialising in energy and related infrastructure.

"The Commission concluded that the proposed acquisition would raise no competition concerns given the very limited overlap between the companies' activities and the presence of strong competitors," the commission said in a statement.

Shell announced in January that the package of assets consists of interests in the...