The handover of a number of North Sea assets to TAQA Bratani, a subsidiary of the Abu Dhabi National Energy Company has been completed, Shell has announced.

The deal includes equity and operatorship of the Tern, Kestrel, Eider, Pelican, Cormorant North and South Cormorant fields, in addition to a non-operated interest in the Hudson field.

Commenting on the deal, Tom Botts, executive vice-president of Shell Exploration and Production in Europe, said that the company is committed to effective resource management and will focus on using its people in the most productive areas possible.

"Shell remains committed to Europe and the North Sea as a core business area and holds a key strategic position in security of energy supply to the UK," he insisted.

A total of 133 staff will move from Shell to TAQA Bratani as a result of the deal.

In September, Shell announced that Curlew C North Sea project had come on stream, the fourth development to do so in 2008.

© Adfero Ltd

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