Shell to sell North Sea assets to Chrysaor for US$3.8bil


A passenger plane flies over a Shell logo at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville/File Photo TPX IMAGES OF THE DAY

Deal is major boost to Anglo-Dutch group’s drive to reduce debt

LONDON: Royal Dutch Shell has agreed to sell a package of oil and gas fields to private equity-backed Chrysaor for US$3.8bil, giving the Anglo-Dutch group a major boost in its drive to reduce debt following the acquisition of BG Group.

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