Shell wins nine key blocks in Mexico deepwater bid round
On 31 January, Shell acquired nine exploration blocks for the Mexican Gulf of Mexico in the deepwater bid round.
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On 31 January, Shell acquired nine exploration blocks for the Mexican Gulf of Mexico in the deepwater bid round.
The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.
The new exploration discoveries are Capercaillie, which it a 100% owner of, and Achmelvich, which it has a majority stake in.
The agreement is for Shell’s stake in Blocks 15, 16 and 17 and Block G12/48.
The decision authorises the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the northern North Sea in almost 30 years.
Shell has revealed that the sale of the unit has been terminated and will not complete.
Assala Energy will operate Shell’s onshore Gabon assets upstream assets. At completion, some 430 local employees have transferred from Shell to Assala Energy.
The package of assets consists of Shell’s interests in Buzzard, Beryl, Bressay, Elgin-Franklin, J-Area, the Greater Armada cluster, Everest, Lomond and Erskine, plus a 10% stake in Schiehallion.
AS Norske Shell has received consent for the use of Island Constructor for the start-up of well 6407/9-G-5 on the Draugen field.
Royal Dutch Shell plc has reached an agreement to sell its interest in the Corrib gas venture for up to US$1.23 billion.
C-Kore Systems have developed a new subsea technology designed to save the UKCS subsea industry time and money.
Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.