07
Wed, Jan

Shell strikes deal with Chevron for undeveloped Angola offshore blocks

Shell strikes deal with Chevron for undeveloped Angola offshore blocks

World Maritime
Shell strikes deal with Chevron for undeveloped Angola offshore blocks

"New exploration, such as in Angola, is important to sustaining production into the 2030s," said Shell. The company wants to grow its gas production one per cent through 2030 and to keep its oil output steady.

It did not disclose financial details of the deal.

Chevron did not immediately respond to a request for comment.

(Reporting by Shadia Nasralla; editing by Barbara Lewis)

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