Pharos Energy confirms interest in Shell's Egypt assets
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The company's Board remains committed to its strategy of delivering sustainable long-term growth, and its strategic ambition is to deliver value for all stakeholders through the responsible management of the company's current portfolio and the careful selection of growth opportunities. The Board evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. Any transaction will be pursued only if the Board determines it to be in the best interest of stakeholders and will be subject to shareholder approval.
There can be no certainty that any proposal will be made to Shell or that any transaction will occur.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06032020/pharos-energy-confirms-interest-in-shells-egypt-assets/
You might also like
Subsea7 announces final closing of joint venture with SLB and Aker Solutions
The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.