Shell and Esso to market selected North Sea assets

Shell U.K. Limited (Shell) today announced that the company, along with Esso Exploration and Production UK Limited, an ExxonMobil subsidiary, intends to market their equity interests in a number of Northern North Sea assets, which include operated interests in Cormorant Alpha, Cormorant North, Tern, Eider, Kestrel and Pelican and non-operated interests in Otter and Hudson, as well as an operated interest in the associated oil evacuation system. Interests will include acreage, production licences and associated infrastructure in Quadrants 210 and 211. The assets will be offered to the market on an open, competitive basis.