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Why are Shell selling off assets in the North Sea?
Royal Dutch Shell has agreed to sell £2.46 billion pounds worth of North Sea assets to oil exploration firm Chrysaor as part of continuing debt reduction measures.
Shell wants to sell $30bn of assets by 2018 as it seeks to pay off debt following its takeover of BG Group.
The deal represents about half of their 2016 North Sea output.
Share Radio's James Brydges spoke to Gaurav Sharma, Business Editor for the International Business Times UK.
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By Share RadioRoyal Dutch Shell has agreed to sell £2.46 billion pounds worth of North Sea assets to oil exploration firm Chrysaor as part of continuing debt reduction measures.
Shell wants to sell $30bn of assets by 2018 as it seeks to pay off debt following its takeover of BG Group.
The deal represents about half of their 2016 North Sea output.
Share Radio's James Brydges spoke to Gaurav Sharma, Business Editor for the International Business Times UK.