PE-backed Chrysaor cleared to buy Shell's North Sea assets for $3.8B
June 20, 2017
Energy Exploration | North Sea, UK | Bolt-on
Oil and gas company Chrysaor has reportedly received approval from the European Commission to acquire the North Sea oil and gas operations of Shell for $3.8 billion. EIG Global Energy Partners supported the acquisition, announced in January. Shell plans to use funds from the sale to pay off the debt that stemmed from the oil producer’s $54 billion purchase of BG Group in 2016.