Shell Reportedly Considers Sale Of Some Of Its North Sea Assets

(RTTNews) - Royal Dutch Shell (RDS-B, RDSB.L, RDSA.L, RDS-A) is reviewing the case for selling some of its North Sea assets in the wake of its 35 billion pounds takeover of BG Group (BG.L, BRGYY.PK), according to reports.

Shell plans to raise $30 billion from asset sales worldwide as it moves to offset the cost of the BG acquisition, completed last month just weeks after oil prices plunged to a 13-year low near $27 a barrel.

But the company has yet to identify in public precisely which fields will be under scrutiny, the reports said.

"A review of all assets, including those in the North Sea, is under way as part of our commitment to the $30bn asset sale," a Shell spokesman reportedly said on Sunday.

Shell has nearly 2,500 employees in the North Sea, where it has operated more than 33 offshore installations.