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Shell: Sale of Grebe, Guillemot West & Northwest fields, UK North Sea

London

December 2002

Shell U.K. Limited announces the sale of its 50% interest in the Grebe, Guillemot West & Northwest fields, in UK Blocks 21/23b, part 21/5, 21/29b & part 21/30, to PetroCanada UK Limited for an undisclosed consideration.

Stellar acted as advisors to Shell U.K. Limited.