Shell completes sale of its New Zealand tank farm assets

Shell has completed the sale of its shares in its Māui and Pohokura entities and its Tank Farm assets. It also announced the sale of Shell’s interest in (and operatorship of) the Great South Basin venture, which was subject to a separate agreement. These entities in New Zealand were sold to OMV for $578m.

The sale is consistent with Shell’s global drive to simplify the upstream portfolio and re-shape the company into a world class investment.

For more information visit www.shell.com

3rd January 2019