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China Gas Information
Beijing time on 25 October afternoon news, royal Dutch shell 25 announced that, in order to increase the beihai Beryl area oil field to participate in, the United States and oil and gas producers to Hess Corporation (Hess Corporation) signed an agreement, $525 million acquisition of the Beryl oilfield and Scotland area natural gas distribution system (SAGE) of interest.
Notice shows, through the acquisition, shell Beryl areas in oil field production from the 9000 barrels of oil equivalent/day increase to 24000 barrels of oil equivalent/day. Beryl including 12 in the continental shelf 12 oilfield.
These oil field by the apachean (Apache) operation, through the acquisition, shell in different oilfield rights will increase 9% to 65% range, mainly depends on the specific situation of the oilfield.
Beryl oilfield with expected life cycle is much longer than expected, may also can produce 20 years. Shell hope that through to these assets investment will further extend the production cycle for 20 years.
Shell stock 24 to close at 2120 p per share, the company's total market value of 136.8 billion pounds