DUBAI, Nov 10 (Reuters) - Royal Dutch Shell is
currently committed to exploring in Africa for hydrocarbons and
doing so fits the company's purpose, its exploration manager for
deepwater Africa Benjamin Mee said on Wednesday at an industry
event.
More than 80% of Shell's exploration will be focused on core
positions with an emphasis on deepwater and the company plans to
spend about $1.5 billion per year on upstream exploration, Mee
added.
The company does not anticipate new frontier exploration and
plans to de-risk its current ones by 2025.
(Reporting by Yousef Saba; Writing by Nadine Awadalla; Editing
by Louise Heavens)