RE:RE:Shell Transfer Applications Set for an AER Public Hearing If the asset transfer does not happen, there will be a return of the money given to Shell.
What is left to pay at that point is the interest. that is the very simple bird view thing, as you
have a very much different value of the assets now vs then.
The way I read it is that there needs to be a clear division of liabilities finalized and no
politician wants such a responsibility. rightfully so, by the way.
Shell has already acknowledged in the past they will carry most of the liability (stemming from
their management of the non wells assets). ARO of wells, pipelines and future creation of
processing asset liabilities will go with the buyer. that is pretty much standard.
Once the contract is done - there is no barrier for the transfer to happen.