21-10-2016 01:42 via uk.news.yahoo.com

Shell sells non-core Canadian oil and gas assets for $1 billion

By Nia Williams CALGARY, Alberta (Reuters) - Royal Dutch Shell Plc said on Thursday it is selling $1.03 billion worth of non-core oil and gas properties in western Canada to Tourmaline Oil Corp , the latest example of the global oil major trimming its operations in the region. Shell said it will sell 206,000 acres (83,365 hectares) of developed and undeveloped lands, amounting to production of about 24,850 barrels of oil equivalent per day, to Calgary-based Tourmaline.
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