LONDON (Reuters) - Royal Dutch Shell said on Thursday it will further reduce 2015 capital investment to $30 billion, down by 20 percent from a year ago as it expects the downturn in oil prices to "last for several years."
Shell earlier this year cut its capital expenditure, or capex, to $33 billion from around $35 billion in 2014.
The Anglo-Dutch oil and gas company said its operating costs are expected to fall by $4 billion, or around 10 percent, in 2015 as part of a broad efficiency drive to boost its balance sheet.
Shell said it expects $30 billion of asset sales between 2016 and 2018, on top of a total of $20 billion in disposals for 2014 and 2015 combined.
(Reporting by Ron Bousso and Karolin Schaps; Editing by Ed Davies)
