Royal Dutch Shell ( RDS.A ) said pre-market Friday that it has completed the sale of its interests in the Draugen and GjÃ¸a fields in the Norwegian North Sea to OKEA AS for for NOK4.52 Billion or approximately $526 million.
Under the deal, Anglo-Dutch major will shed its 44.56% operated interest in the Draugen field and 12% non-operated interest in the GjÃ¸a field, representing approximately 14% of A/S Norske Shell's total output last year. The sale was part of the company's $30 billion divestment program
Shell also said that it will remain as operator of Ormen Lange and Knarr and as partner in Troll, Valemon and KvitebjÃ¸rn fields.
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