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Shell hatches Ithaca farm-in deal

Shell has farmed into an Ithaca Energy licence off the UK in a deal which could eventually see the Anglo-Dutch supermajor bag 100%.

The Peter Voser-led oil giant is getting a 50% interest in Ithaca’s P2048 production licence which straddles blocks 29/24, 29/25, 29/29 and 29/30 off the UK.

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