After Britain out ... Shell expects slowdown in asset sales plan for $ 30 billion

Ben van Borden said CEO of Royal Dutch Shell to investors that Britain's decision to leave the EU may slow down a plan to sell assets worth $ 30 billion, especially in the North Sea, where the company is facing difficulties for years to attract buyers.
The comments came - made by Ben van Borden at a meeting with investors and analysts this week - at a time when commissioned the "Shell", "Bank of America Merrill Lynch" to look for buyers for a number of key assets in the North Sea, including the company's share in the Buzzard oil field hoping to reap sales of two billion dollars at least. According to "Reuters", it was the oil company Anglo-Dutch giant target in the previous completion of the sale of tens of assets around the world by 2018 almost to help finance its acquisition of rival "BG", which cost her $ 54 billion, which was completed in February. And transfer Msttmran attended a meeting with the Borden saying that the uncertainty that prevailed in global markets after Britain's vote on 23 June in favor of exit from the EU would be an obstacle to the program, noted the source, asking not to be named, said the ceremony, which was hosted by "Shell" was not open in front of the public, Borden said that after Britain's exit may be required to complete the sale of assets more than three years. According to another source that Borden - Dutch aged 58 years - confirmed that Britain's exit will make the completion of the sale of assets more difficult, particularly in the North Sea, the spokesman said "Shell" in response that there is no change in previous statements that we've released on the program three years to exit from investments worth $ 30 billion, and the "Shell" reported in June that they want to get out of the ten countries after the merger with the "BG" to increase focus on gas production globally and exploration in deep waters in Brazil. And the acceleration of global energy companies to dispose of their assets in the projects is effective in an effort to cope with the decline in oil prices in global markets, where she restructuring plans ahead in most energy companies, especially international companies finally "ExxonMobil" America and we found raise the level of efficiency by getting rid of non-core assets and businesses the latest in this trend is the "Rus Hydro" Russian which disposed of the assets of about $ 300 million under the system of companies that focus on getting rid of inefficient projects, which strain the financial centers of the companies.
And face a major international oil companies, the crisis much-season after season with the deterioration of the prices of crude oil and without signs of improvement in the near term, so find itself forced to take austerity measures, and abbreviated Christopher Dembk economist of "Saxo Bank" Bank of the situation, saying: "I doubt the accession improvement in 2016 ". And steadfastness, major oil companies have resorted to reducing expenses by reducing investments and increasing layoffs, which is now affecting tens of thousands of people, he says, the French Institute, "Energy Novell" Research Investments in the fields of oil exploration collapsed by 21.1 per cent to $ 539 billion in 2015, and is expected to remain the witness saw a drop of 10 per cent in the current year. Observers believe that the austerity measures are necessary, especially that little hope generated by the operations of the oil refining benefiting from the decline in the barrel price to compensate for the losses of the areas of exploration and production, could dissipate because of the problem of excess production capacity. Dembk explained that helped in 2015 this factor could help in 2016, but oil refining Annie factor basically will not be enough to reduce the impact on the results, and still before the major oil companies margins for maneuver allows them to reduce costs, according to analyst Alexander Andlaor of " Alpha Value "who believed that there was a possibility to retreat because these companies have a large surplus. According to the "Energy Novell," Activity sector last year and geophysical exploration sector has collapsed by 28 per cent to 27 per cent, it is expected that this trend will continue this year with a decline of 10 per cent and 6 per cent respectively.