Royal Dutch Shell ($RDSA) has completed the sale of its interest in Vivo Energy Holding B.V. to Vitol Africa B.V.
The sale of the 20% interest brings the firm $250million closer to it’s $30billion divestment target.
The supermajor is selling off assets to offset the cost of its $50billion takeover of BG Group, which was completed in February.
The sale of the Vivo interest was previously announced in December.
Shell said the transaction is consistent with it’s strategic commitment to focus downstream activity in areas where it can be most competitive.
The company’s fuels and products will continue to be available in 16 countries in Africa via a long-term brand licence agreement with Vivo Energy.
By the end of June, 2016, Shell had completed deals worth $1.5billion, according to its half-year results update.
Of that sum, $820million was generated by offloading interests in Shell Midstream Partners, while $560million came from the sale of property, plant and equipment and businesses.
Since then, Shell has revealed a $425million deal to sell all of its interest in a number of Gulf of Mexico Green Canyon blocks to EnVen Energy Corporation.
Last month, the company announced the sale of its Danish assets to Dansk Olieselskab for $80million.
Also in September, Nobel Upstream said it had acquired a 7.59% non-operated interest in the Maclure oil and gas field from the oil giant.
Yesterday, Shell said it had sold 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil in a deal valued at $1billion.
The mega-sale was announced days after the operator said 16 of its assets were on the market for $500million each.
In April, Shell chief executive Ben van Beurden said the firm could sell some if its older, lower grade North Sea assets to help balance its portfolio.
In the Central and Northern North Sea, Shell operates the Brent Field, Curlew, Goldeneye, the Gannet complex, Nelson, Pierce, Shearwater and the Shearwater Elgin Area Line (SEAL).
In the Southern North Sea, Shell has interests in the Bacton gas terminal, Clipper and Leman Alpha.
Other assets include Armada, Everest, Lomond and Jackdaw.
A number of companies have said they were interested in Shell’s North Sea assets, including Ineos, Siccar Point, Parkmead Group and Maersk.
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