Shell sells its stake in Philippine gas field in line with its strategy to narrow oil and gas operations

Shell sells its stake in Philippine gas field in line with its strategy to narrow oil and gas operations
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01.06.2021

MOSCOW (MRC) -- Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for USD460m as part of its strategy to narrow its oil and gas operations, according to BusinessDay.Shell sold its 45% stake in Service Contract 38 (SC38), a deep-water licence that includes the producing Malampaya gas field, to a subsidiary of the Udenna Group, which already holds a

Full article at mrcplast.com

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