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Shell completes divestment of oil sands interests in Canada

Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.

 
 

Shell divests Gabon onshore interests

Shell has reached an agreement with Assala Energy Holdings Ltd to sell 100% of its Gabon onshore interests for US$587 million. The Sale & Purchase Agreement (SPA) is subject to certain conditions which include various approvals. Closing is expected in mid-2017.

 
 

READ signs multi-country award with Shell

The company has been awarded a multi-country award in the UK, Ireland and Norway, to provide all cased hole logging services and analysis within scope of supply for Shell’s operations in these regions.