Shell sells its stake in Corrib gas for more than €1bn

Royal Dutch Shell has agreed a deal worth up to US$1.23bn (€1.07bn) to sell its stake in the Corrib gas project in a move ending its exploration and production in Ireland.

Shell sells its stake in Corrib gas for more than €1bn
Wed, 12 Jul, 2017 - 17:06

Royal Dutch Shell has agreed a deal worth up to US$1.23bn (€1.07bn) to sell its stake in the Corrib gas project in a move ending its exploration and production in Ireland.

The oil giant is offloading its 45% stake in the venture to a subsidiary of the Canada Pension Plan Investment Board.

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CourtsHeathrowPlace: CorribPlace: IrelandPlace: Dublin AirportPlace: County MayoPlace: DublinPlace: north MayoOrganisation: ShellOrganisation: Royal Dutch ShellOrganisation: Canada Pension Plan Investment BoardOrganisation: Shell AviationOrganisation: BG GroupOrganisation: BGOrganisation: CorribOrganisation: Vermilion EnergyOrganisation: Corrib gas
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