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Shell to divest upstream interests in Ireland

Published by
Oilfield Technology,

Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with CPP Investment Board Europe S.A.R.L., a wholly owned subsidiary of Canada Pension Plan Investment Board (CPPIB), to sell its shares in Shell E&P Ireland Limited, which holds 45% interest in the Corrib gas venture for up to US$1.23 billion (€1.08 billion).

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Upstream news Shell news Offshore news Oil & gas news