Shell divests Danish assets

SHELL has sold its entire upstream oil and gas assets in Denmark to Noreco for US$1.9 billion (A$2.68 billion) in what is the latest move by the company to strategically divest from ageing and mature fields worldwide.

Shell divests Danish assets Shell divests Danish assets Shell divests Danish assets Shell divests Danish assets Shell divests Danish assets
 
Noreco will acquire Shell's 37% interest in the Danish Underground Consortium, the country's largest and most productive oil and gas venture with an output of more than 180,000 barrels of oil
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