Shell to offload stake in six oil and gas fields

Royal Dutch Shell will sell its stake in six Gulf of Mexico oil and gas fields to a subsidiary of US firm W&T Offshore for $450m (€320.7m).

Shell to offload stake in six oil and gas fields
Fri, 05 Nov, 2010 - 16:01

Royal Dutch Shell will sell its stake in six Gulf of Mexico oil and gas fields to a subsidiary of US firm W&T Offshore for $450m (€320.7m).

Shell, which currently produces some 230,000 barrels of oil a day in the Gulf of Mexico region, said the fields no longer fitted its growth strategy.

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