Shell Exits Philippine Gas Field in $460 Million Deal
Transaction Type
Sellers
Buyers
Basin
Offshore Phillipines; Deep water
Announce Date
Post Date
Estimated Price
$460.0MM
Description
To buy Shell’s 45% stake in Service Contract 38 (SC38), a deepwater license offshore the Philippines which includes the producing Malampaya gas field. (Expected to close by year-end 2021)