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Shell Talks GOM Appomattox Advancement; Global Exploration Gains
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Royal Dutch Shell has reported in second quarter 2015 results.
Second Quarter 2015 Portfolio Developments UpstreamDuring the quarter, the Malaysia LNG Dua Joint Venture Agreement expired and Shell transferred its 15% shareholding to Petronas, in accordance with the original JVA terms.
As part of its global exploration programme, Shell added new acreage positions following successful bidding results in the United States, the United Kingdom and Indonesia.
In July, the Browse Joint Venture agreed to enter the front end engineering and design phase for the proposed non-operated Browse Floating Liquefied Natural Gas (FLNG) development (Shell interest 27%), using Shell FLNG technology. The proposed development is expected to deliver around 12 million tonnes per annum of LNG.
In July, Shell…
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