Shell, along with its peers in the industry, has been facing increasing investor pressure to rein in spending as costs rise and outlook for high oil prices wane.
Shell, attempting to win round investors after a major profit warning early this year, in January said it was targeting
The three producing assets earmarked for sale includes Anasuria, a manned floating production, storage and offloading installation, and the Nelson and Sean manned platforms.
Shell has a 50% equity share in oil and gas producing Anasuria, located 115 miles (185km) east of
Shell-operated Nelson is located about 124 miles (200km) east-north-east of
Sean, which is Shell-operated, is located in the
The company had informed the staff earlier this week about the proposed sale.
Assuring that Shell is committed to investments in the country,
In a statement, Cayley said the company is "focusing and strengthening our portfolio for the decades ahead with many exciting projects such as new wells we are drilling at Shearwater, our investment in extending the life of Gannet, our investments in the non-operated ventures of Schiehallion and Clair and our purchases, last year, of a further interest in Beryl and the Curlew floating production, storage and offloading (FPSO) vessel.
"These changes are very much in line with our strategy and will allow us to focus on where we can add value to ensure a long-term future for Shell in the basin.
According to a report in
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