Shell to buy Murphy's Schiehallion interest

Royal Dutch Shell PLC has acquired Murphy Schiehallion Ltd.’s 5.9% interest in Schiehallion oil field in the West of Shetlands area offshore the UK, raising its interest to 55%.

Separately, the companies formed an agreement under which Murphy will acquire Shell’s interests in the Seal Lake area of northern Alberta (OGJ Online, Nov. 14, 2012).

BP operates Schiehallion field, which is under redevelopment, with a 33.5% interest. Other interests are Statoil and OMV, 5.9% each.

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