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Terminal News

Shell completes Gabon asset sale

Royal Dutch Shell has completed the sale of its Gabon onshore oil and gas interests, including pipeline and storage assets, to Assala Energy for $628 million.

The transaction comprises all of Shell's onshore oil and gas operations including five operated fields, four non-operated fields the onshore pipeline system from Rabi to Gamba and the Gamba Southern Export terminal.

Shell onshore in Gabon produced around 41,000 barrels of oil equivalent per day in 2016.

Shell says that the completion of this deal is in line with Shell's drive to simplify the upstream portfolio and re-shape the company into a world class investment.

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