Africa Oil & Gas: Shell completes Gabon

Image courtesy of Royal Dutch Shell

The Hague-based LNG giant Shell has completed the sale of its assets in Gabon as part of the company’s $30 billion divestment programme put in place after its takeover of BG Group.

Shell said on Wednesday it had finalized the previously announced sale of its entire Gabon onshore oil and gas interests to Assala Energy, a portfolio company of The Carlyle Group, for $628 million.

This transaction consists of all of Shell’s onshore oil and gas operations and related infrastructure in Gabon: five operated fields, participation interest in four non-operated fields, as well as the associated infrastructure of the onshore pipeline system from Rabi to Gamba and the Gamba Southern export terminal.

At completion, some 430 local employees have transferred from Shell to Assala Energy.

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