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The sale is part of the Shell Group's on-going portfolio upgrade, averaging some $2 billion per year of divestments. Portfolio management is a key source of value creation for Shell's business, enabling focusing of resources in areas of highest returns.
*A volumetric production payment (VPP) provides the buyer thereof ownership of a certain volume of oil and gas to be produced from the properties to be delivered to the buyer of the VPP over a number of years.
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