Shell sells out of Evans Shoal

ITALIAN major Eni has acquired Shell’s full 32.5% interest in the large undeveloped 8 trillion cubic feet Evans Shoal gas field, becoming operator of the Bonaparte Basin lease 300km northwest of Darwin and increasing its stake to 65%.

Shell sells out of Evans Shoal Shell sells out of Evans Shoal Shell sells out of Evans Shoal Shell sells out of Evans Shoal Shell sells out of Evans Shoal
The move comes after Santos sold its 40% stake in the field to Eni in 2011 for US$250 million, with a further $100 million contingent on a decision being made to develop the field - which has not

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