Shell has completed the sale of a set of its assets in the North Sea to Chrysaor for up to $3.8bn (£2.9bn).
As part of the sale, which was first announced at the end of January, 253 Shell staff will move to Chrysaor.
The British-Dutch oil company said the deal was part of its plan to simplify its upstream portfolio by selling off assets. Shell is also on a $30bn divestment drive following its acquisition of BG Group for $70bn.
The sale includes an initial consideration of $3bn and then a payment of up to $600m between 2018 and 2021, which will be subject to commodity prices. Shell could be in line for up to $180m on top of this, dependent on future discoveries.
In January, Shell also announced plans of sell its stake in the Bongkot gas field in Thailand for $900m to Kuwait Foreign Petroleum Exploration Company.