Markets

Shell buys into 190 mn boe Cluff gas projects in UK North Sea

Published February 8, 2019 Updated February 8, 2019 08:51am

* Cluff's P2437 license, of which Shell now has an option to buy 50 percent until April 30, contains the Selene prospect next to Shell operated infrastructure linked to the Barque gas field which exports gas into the Bacton Gas Terminal.

* Shell agreed to buy 70 percent of the P2252 license and will become its operator.

Copyright Reuters, 2019