Shell had agreed to sell its 26.56% in the Greater Sunrise project to the East Timor govt for USD 300 MM.Â  Shell is the 2nd co. to sell out to the government, after ConocoPhillips in October. Greater Sunrise involves permits JPDA 03-19, JPDA 03-20, NT/RL2 and NT/RL4, containing the Sunrise and Troubadour gas-cond discoveries.Â  So far partnership has been Woodside (op), Osaka Gas, Shell + ConocoPhillips (both selling out).
East Timor, not found