EXPLORATION

Shell walks out of SC54B

NIDO Petroleum remains optimistic about the prospectivity of SC54B in the Philippines despite oil giant Shell's withdrawal from the offshore Palawan Basin block.

Marija Stojkovic

Shell walks out of SC54B

Shell joined Nido and joint venture partner Kairiki Energy in SC54B last January after its farm-in for a 45% interest was approved by the Philippines Department of Energy. As part of the farm-in, Shell...

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