Reuters: Shell Wants to Sell US $ 10 Billion Deposits

British-Dutch company Royal Dutch Shell is considering the sale of its assets in the Permian Basin – the largest oil basin in the United States, located in the states of Texas and New Mexico. This was announced on Sunday, June 13, by Reuters, citing sources familiar with the situation. We are talking about the company’s deposits with a total area of ​​about 105 hectares, located mainly in Texas. According to Reuters sources, the value of these assets reaches $ 10 billion. With whom Shell is negotiating is unknown, according to sources, there is no confidence that the negotiations will be successful yet.

Shell sale of these assets can help, on the one hand, to concentrate on the most profitable oil and gas assets (US shale fields, which account for about 6% of the company’s oil and gas production, are not the most profitable asset for Shell), and on the other hand, to make its activities more environmentally friendly and reduce harmful emissions. In late May, a Dutch court ordered Shell to cut its emissions by almost half.

Yana Rozhdestvenskaya

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