Shell acquires 35% in two Angolan offshore blocks from Chevron
Shell has reached a deal with Chevron to acquire a 35% stake in two ultra-deepwater offshore oil blocks off the coast of Angola, marking a new strategic investment in the Sub-Saharan African country.
| Countries | Pays-Bas, États-Unis |
|---|---|
| Companies | Chevron, Shell |
| Sector | Pétrole |
| Theme | Investissements & Transactions |
Shell has announced the acquisition of a 35% interest in Blocks 49 and 50 in ultra-deepwater offshore Angola through an agreement with Cabinda Gulf Oil Company, a subsidiary of Chevron. The transaction, which has received approval from Angolan authorities, remains subject to final legal formalities. No financial details of the deal have been disclosed.
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