Companies & Finance

Shell completes sale of Gabonese assets to Assala Energy Holdings

Shell has completed the sale of its oil and gas assets in Gabon to Assala Energy Holdings for $628 million as part of its $30 billion divestment strategy.
By Staff reporter 2 November 2017 0 28222

Shell has completed the sale of its oil and gas assets in Gabon to Assala Energy Holdings for $628 million as part of its $30 billion divestment strategy.

The sale was announced in March and is expected to close by 31 December, Shell said in a release. The sale includes Shell’s onshore oil and gas operations and related infrastructure in Gabon.

Assala has purchased operatorship of five fields and participation in four non-operated fields, as well as associated infrastructure for the onshore pipeline system from Rabi...