Shell Pursues Divestment of Gulf of Mexico Offshore Production Assets

SUGAR LAND--October 7, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--In late August, it was widely publicized that Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands), through its Shell Offshore subsidiary, had agreed to sell its interests in the Brutus offshore platform and the Glider subsea production system. Shell retains rights to explore in those fields and potentially install tiebacks to Brutus, which is one of 13 offshore production platforms being tracked by Industrial Info in which Shell has a stake. Additionally, it is not the only platform that will soon no longer be part of Shell's fleet.