* Shell offering operating stake in Draugen field
* Offers a number of small stakes in three other fields
By Ron Bousso
HOUSTON, March 8 (Reuters) - Royal Dutch Shell is
selling out of the ageing Draugen field in Norway and is also
offering small stakes in a number of other fields, according to
a document seen by Reuters.
The sale process is part of the Anglo-Dutch company's drive
to sell $30 billion of assets by the end of the year following
the acquisition of BG Group in 2016. It has so far sold over $25
Shell is offering its 44.56 percent stake in the Draugen
field, which produces around 225,000 barrels per day, according
to the sales brochure. Draugen, which Shell operates, started
producing in 1993 and has another 20 years of life, the document
Shell declined to comment on the sale process but a
spokeswoman said: "We constantly evaluate opportunities to
reshape our portfolio, in line with our business strategy."
On top of Draugen, Shell is also seeking to sell a number of
stakes in non-operated fields including Gjoa, where it holds 12
percent, Kvitebjorn, 6.45 percent, Valeman, 3.2 percent and
Sindre, 3.2 percent, known collectively as NOV Assets.
"Shell will only contemplate divesting NOV Assets alongside
Draugen if Shell feels there is sufficiently strong buyer
interest," according to the document.
Shell will only consider divesting NOV Assets together with
Draugen, it said. It has stakes in a number of other Norwegian
oil and gas fields including Gaupe, Knarr and Troll.
(Reporting by Ron Bousso;
Editing by Sandra Maler)
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