Shell upstream showcases future plans

Shel is investing $700-800 million in the UK Continental Shelf annually and Steve Phimister is confident this level of outlay will be sustained for the next few years.

Mr Phimister, vice-president of Shell’s UK upstream business, highlighted the company’s ambitious drilling plans for the basin. Shell remains in the hunt for “bolt-on” acquisitions and farm ins for fields within reach of its hubs in the central North Sea.

Source / More : Energy Voice

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