assala

Shell divests Gabon onshore interests

The purchaser will also assume debt of US$285 million as part of the transaction. The purchaser will make additional payments up to a maximum of US$150 million depending on production performance and commodity prices. The transaction will result in an impairment charge of $53 million post tax which will be taken in Q1 2017. This transaction consists of all of Shell’s onshore oil and gas operations and related infrastructure in