Royal Dutch Shell has sold its Gabon onshore oil and gas interests to Assala Energy Holdings Ltd for $628m. They include onshore oil and gas operations and related infrastructure: five operated fields and participation interest in four non-operated fields, as well as the associated infrastructure of the onshore pipeline system from Rabi to Gamba and the Gamba Southern export terminal.
With the transaction, Assala Energy will assume debt of $285m.
Shell onshore in Gabon produced approximately forty-one thousand barrels of oil equivalent per day in 2016. Shell Trading (STASCO) will continue to have lifting rights from the Gabon onshore assets for the coming five years.
Effective immediately Assala Energy will operate Shell’s onshore Gabon assets upstream assets. At completion, some 430 local employees have transferred from Shell to Assala Energy.
For more information visit www.shell.com
2nd Nov 2017