Shell has signed with Egdon to acquire a 70% (presumably operating) interest in P1929 + P2304 containing the Resolution + Endeavour gas discoveries off the N. Yorkshire coast. Shell will fund 85% of acquisition + processing of 3D seismic over the discoveries capped at USD 5 MM, plus pay for studies + costs related to a well investment decision. The deal is subject to regulatory approvals and will result in a Shell-Egdon partnership in the 366 sq km concerned:
Shell has signed with Egdon to acquire a 70% (presumably operating) interest in P1929 + P2304 containing the Resolution + Endeavour gas discoveries off the N. Yorkshire coast. Shell will fund 85% of acquisition + processing of 3D seismic over the discoveries capped at USD 5 MM, plus pay for studies + costs related to a well investment decision. The deal is subject to regulatory approvals and will result in a Shell-Egdon partnership in the 366 sq km concerned: