MARKETS

Shell and Conoco complete Greater Sunrise sale 

SHELL and ConocoPhillips have both announced the completion of the sale of their shares of the Greater Sunrise gas field to Timor-Leste for a combined US$650 million.  Shell said late yesterday the sale of its 26.5% share to three wholly-owned nominees of Timor Gap, the national oil company for $300 million had completed. 

Timor-Leste representatives speaking to AOG in March

Timor-Leste representatives speaking to AOG in March

"We understand the importance of this resource to the Timor-Leste nation and respect the Government's determination to pursue an alternative path to development through an onshore facility," Shell chair...

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