UK independent Chrysaor has confirmed it is set to buy a raft of North Sea assets from Anglo-Dutch supermajor Shell in a deal worth up to $3.8 billion.
Chrysaor will buy Shell’s stakes in Beryl, Bressay, Buzzard, Elgin-Franklin, Erskine, Everest, the Greater Armada cluster, J Block, Lomond, plus a 10% stake in Schiehallion.
The assets produced a combined 115,000 barrels of oil equivalent per day last year, while Schiehallion is expected to add additional production when it comes back onstream this year.
