Shell selling assets to fund £18bn spending

Published: 12:12AM GMT 01 March 2010

The oil and gas hulk predicts that it will lift $2bn to $3bn from offered resources that are not executive to the expansion plans, quite downstream resources such as enlightening and offered operations in grown up markets such as Europe, for example.

It is additionally believed to be offered a little grown up oil and gas fields in the North Sea and Nigeria.

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Shell has invited demonstrative bids, that are approaching to go up to we estimate €1bn (�900m) for the French-based European LPG arm. This sells bottled gas to farming homes.

Axa Private Equity, Bain Capital and PAI are pronounced to be in the using for the business, that saw gain prior to interest, tax, debasement and amortisation of about €120m last year.

CVC Capital Partners and the Carlyle Group are additionally pronounced to be interested.

All in isolation equity groups declined to comment.

Shell has additionally reportedly put up for sale North Sea fields continuous to the Anasuria floating production, storage and offloading vessel off the seashore of Aberdeen, and fields in the Southern gas basin.

These resources could be value multiform hundred million pounds.