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AFX UK (Focus): Repsol YPF joins Shell, Eni in Alaska exploration project – report

Published: Sep 21, 2007

MADRID (Thomson Financial) – Repsol YPF SA has joined Royal Dutch Shell and Eni SpA in an oil and gas exploration programme in the Beaufort sea, some 30 miles off the Alaska coast, Negocio reported, citing unnamed sector sources.

The area is seen as one of the world’s largest untapped energy reserves.

Repsol will have 20 pct of the project, while Shell and Eni will have 40 pct each, Negocio said, but noted that regulatory approval has yet to be received.

Exploration activities could start in 2009-2010, it added.

Reports that Shell was preparing the Artic exploration programme surfaced in July.

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Copyright Thomson Financial News Limited 2007. All rights reserved.

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1 Comment on “AFX UK (Focus): Repsol YPF joins Shell, Eni in Alaska exploration project – report”

  1. #1 Lori
    on Mar 8th, 2008 at 16:42

    How did the drop in stock for Royal Dutch Shell effect employees and shareholders? How many do you thnk lost their jobs if any. What happened to Eni? Was it a bad move on Shells part?

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