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The decision to decommission Brent is a natural step in the life cycle of the field - explore the project
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Shell has agreed to sell a package of UK North Sea assets to Chrysaor for a total of up to $3.8bn, including an initial consideration of $3.0bn and a payment of up to $600m between 2018-2021 subject to commodity price, with potential further payments of up to $180m for future discoveries.
An extended 60-day public consultation on recommendations to decommission the Brent oil and gas field in the North Sea has begun today following submission by Shell U.K. Limited (“Shell”), the field’s operator, of a comprehensive decommissioning programme to the Department for Business, Energy and Industrial Strategy (BEIS).
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Commemorating 40 years of the Brent Oil & Gas Field
Brent has been a cornerstone of the UK’s hugely successful oil and gas industry.
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