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Friday, April 22, 2016
Shell is said to be working on selling off its assets onshore Gabon. According to a Reuters report, bids for the company’s fields are due in June.
The company’s Gabonese onshore assets could be worth an estimated $700 million, however a Reuters’ source said that the indications were currently below Shell’s expectations and that no sale may occur.
“Shell continuously evaluates opportunities for our global portfolio in line with our business strategy,” a company spokesman said.
Expect more Shell assets to go on the auction block in the future as it looks to gather the funds to finance its recent acquisition of fellow oil major BG.
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