Earlier, Shell announced the completion of the sale of a 15 percent stake in Malaysia LNG (MLNG) Tiga to the Sarawak State Financial Secretary for US$750 million.
LONDON: Royal Dutch Shell has announced the sale of oil and gas (O&G) assets in Norway and Malaysia for over US$1.3bil, bringing it closer to a target of US$30bil in disposals by year-end.
The Anglo-Dutch company agreed to sell to OKEA, a Norwegian producer backed by private equity firm Seacrest Capital, its 45% interest in the Draugen Norwegian offshore field and a 12% in the Gjoa block for a total of US$566mil, the two companies said.
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