Mar. 21, 2006. 01:00 AM
CALGARY—Global energy giant Royal Dutch Shell PLC has bought up to half of Centurion Energy International Inc.'s key exploration properties in the Nile Delta in Egypt in a deal that could be worth up to $260 million (U.S.).
Centurion announced yesterday it had signed an agreement with two Shell units in Egypt to farm out a 50 per cent interest in two Centurion-operated exploration properties, the West El Manzala and West El Qantara concessions, in the Nile Delta.
Shell and Centurion will also co-operate in developing liquefied natural gas opportunities if enough gas is discovered on the exploration properties.
The farm-out to Shell is subject to certain conditions, including obtaining Egyptian government approvals.
Under the deal, Shell will initially pay Centurion $15 million and half of all future exploration and development costs for as long as the British-Dutch company remains a concession owner.
Canadian Press
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30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
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SHELL PROPPED UP APARTHEID
ARTICLE: U.S. unions urge boycott of Shell to fight apartheid: 19 Jan 1986
ARTICLE: Shell, South Africa and Apartheid: 16 Oct 2012
ARTICLE: Shell propped up racist apartheid regime in South Africa: 24 Nov 2012
ARTICLE: The Neptune Strategy:Shell, propped up Apartheid in South Africa: 26 Nov 2012
ARTICLE: Shell accused of benefiting from South African apartheid-era land law: 21 March 2013
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RELEVANT PAGES FROM "A HISTORY OF ROYAL DUTCH SHELL, VOLUME 3, PUBLISHED IN 2007. PREPARED BY SHELL'S PAID HISTORIANS. DEALS WITH SHELL'S SUPPORT FOR APARTHEID
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