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Posts on ‘August 25th, 2020’

Shell to begin seismic work on North Sea gas discoveries next year

Shell to begin seismic work on North Sea gas discoveries next year

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It comes as the energy giant took over operatorship of the licences from Egdon Resources, farming in with 70% interest in both.

Under the deal, Shell will pay 85% of the costs for acquiring and processing the 3D seismic survey, which needs to completed by May 31 2021 under the terms of the licenses.

Shell will meet these costs up to $5million, at which point Egdon will be responsible for 30% of survey. read more

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