ANGLO-Dutch supermajor Shell has sold a bundle of non-core assets in the Montney and Deep basin regions of Western Canada to Calgary-based player Tourmaline Oil in a deal worth almost C$1.4 billion (US$1.05 billion), writes Luke Johnson.
The announcement came a day after Shell indicated it had 16 assets up for sale, each worth around $500 million.
The company is trying to bring its debt down following its $54 billion takeover of BG Group last year and has launched a $30 billion global asset divestment programme.
Shell
