 Home > Chemicals Industry > International Chemical > Issue 12 2021 - Shell sells its stake in offshore natural gas fields in the Philippines

Issue 12 2021 - Shell sells its stake in offshore natural gas fields in the Philippines

 Last Update: 2022-11-11
 Source: Internet
 Author: User

Tags

natural gas cylinders

issue

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Shell sells its stake in offshore natural gas fields in the Philippines

According to foreign media on June 1, Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for $460 million as part of
its strategy to shrink its oil and gas business.

Shell sold its 45% stake in Service Contract 38 (SC38) to a subsidiary of the Udenna Group, which already held a 45% stake
in the project.
SC38 is a deepwater license that includes production from
the Malampaya gas field.

Shell said in a statement that the base consideration for the sale is $380 million, with up to $80 million paid over the period 2022-2024, depending on asset performance and commodity prices
.
The transaction will close
by the end of 2021.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

4-acryloylmorpholine ACMO

CAS No.: 5117-12-4

top

$3.39/KG EXW

UV-531

CAS No.: 1843-05-6

$7-8/MT FOB

benzotriazole ultraviolet absorbers UV-P

CAS No.: 2440-22-4

$7-8/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.