Shell to sell noncore Australia assets

Royal Dutch/Shell's unit Shell Development (Australia) Pty. Ltd. has decided to sell its interests in a number of noncore assets in Western Australia. These include the company's 28.57% stake in Barrow Island oil field and its 35.71% interest in the Thevenard Island joint venture.The properties have been put up for tender.Barrow Island field is estimated to contain 110 million bbl of oil, while the six Thevenard-group fields (Saladin, Yammadery, Roller, Skate, Cowle, and Crest) are estimated to contain 35 million bbl of oil.Shell considers the assets mature and believes it is time to reconsider the company's continuing involvement in them.The assets are expected to fetch $150-200...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected