Shell sells Gabon assets for $587M

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Royal Dutch Shell PLC (NYSE: RDS-A, RDS-B) is selling its Gabon onshore interests for $587 million to Assala Energy Holdings Ltd., according to a release. Assala Energy is expected to assume about $285 million in debt and plans to make additional payments up to a maximum $150 million depending on production performance and commodity prices, per the release. The deal is expected to close in mid-2017. The transaction in Gabon, a country on the west coast of Central Africa, includes: five operated…


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