Shell has farmed into some blocks in near ADX's Italian and Tunisian permits. The deal payed Euro 1.9 million for back costs and seismic work to earn 55% interest in GR17-NP, GR18-NP, GR19-NP, and a 70% stake in GR20-NP, GR21-NP, GR22-NP licenses.
Unaudited estimates for the blocks are in the range of 1.9 billion barrels of recoverable oil.
http://www.ogj.com/display_article/347226/7/ONART/none/ExplD/1/Shell-farms-into-Sicilian-offshore-licenses/
Regards,
opt
shell farms in sicilian block for peanuts
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