(Bloomberg) – Shell Plc is selling its stakes in a group of North Sea oil fields, according to marketing documents seen by Bloomberg News.
The assets include minority interests in two fields operated by BP Plc and an interest in a discovery field also operated by BP in waters east of Scotland.
A Shell spokesperson declined to comment.
All sites are connected to a central processing facility in what is called the Eastern Trough Area project. Shell holds a 25% interest in the producing Madoes field and a 21% interest in the Mirren field in the same region. Net production is estimated at around 1,000 barrels per day.
The Kate field, in which Shell has a 25% stake, is estimated to contain 180 million barrels of oil.
Prospective bidders will be able to access a project data room in January, with bids due by mid-April, depending on the materials.
