Shell to benefit from BG deal in North Sea

摘要

London-Shell’s acquisition of BG Group announced Wednesday will yield further advantages to the oil major in its North Sea crude oil trading business. While the key benefit of the deal for Shell is the large reserves acquired in Brazil and elsewhere, where upcoming projects are expected to dwarf the output of North Sea fields, the North Sea still accounts for 15%-20% of BG Group production volumes, and the region remains a key part of price formation in global oil markets.