Shell Is Said to Receive Final Bids for UK North Sea Gas Assets

Shell Plc has whittled down bidders for its southern North Sea gas fields to three final contenders, according to people with knowledge of the matter.

Perenco SA, Ithaca Energy Plc and newcomer Viaro Energy Ltd. have bid for a package of UK assets that includes the Leman Alpha hub, the Clipper field and the Bacton gas terminal, the people said, asking not to be identified discussing private information. The assets may be valued at around $600 million to $800 million, one of the people said.

Representatives for Shell, Perenco, Ithaca and Viaro declined to comment.

Ownership of North Sea ...