Shell Moving Out News Today : Breaking News, Live Updates & Top Stories | Vimarsana

12:36 PM MYT
LONDON, May 23 (Reuters): Royal Dutch Shell has agreed to sell its stake in an offshore gas field in the Philippines for US$460 million as part of its strategy to narrow its oil and gas operations.
Shell sold its 45% stake in Service Contract 38 (SC38), a deep water licence which includes the producing Malampaya gas field, to a subsidiary of the Udenna Group which already holds a 45% stake in the project.
The base consideration for the sale is US$380 million, with additional payments of up to US$80 million between 2022 to 2024 contingent on asset performance and commodity prices, Shell said in a statement. ....

City Of , United Kingdom , Rodrigo Duterte , Raymond Zorrilla , Wael Sawan , Royal Dutch Shell , Philippine National Oil Company , Udenna Group , Service Contract , Philippine Malampaya , Philippine President Rodrigo Duterte , Shell Moving Out , Malampaya Gas Field , Sold Off , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , வேல் சாவன் , அரச டச்சு ஷெல் , பிலிப்பைன் தேசிய எண்ணெய் நிறுவனம் , சேவை ஒப்பந்த , விற்கப்பட்டது ஆஃப் ,