Shell reduces CAPEX and operating costs
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The initiatives are expected to contribute US$8 – US$9 billion of free cash flow on a pre-tax basis. Shell has said it is still committed to its divestment programme of more than US$10 billion of assets in 2019 – 2020 but timing depends on market conditions.
The company will publish its next quarterly update note on 31 March 2020 and release its 1Q20 results on 30 April 2020.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/23032020/shell-reduces-capex-and-operating-costs/
You might also like
The NPD conducts mapping of gas resources
The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that, for various reasons, have yet to be developed. Several of these discoveries could be produced in a manner that is profitable from a socio-economic perspective.