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IN BRIEF: Shell signs gas production agreement with Oman government

Tue, 21st Dec 2021 14:36

Royal Dutch Shell PLC - Anglo-Dutch oil major - Signs agreement with government of Oman for gas production at Saih Rawl field. Shell, along with its partners OQ and TotalEnergies SE and OQ's joint venture Marsa Liquefied Natural Gas, have signed a concession agreement with Oman's Ministry of Energy and Minerals to develop and produce natural gas from block 10 of the gas field. The parties also signed a separate gas sales agreement for gas produced from the block.

"These agreements represent a major step for Shell and for our relationship with Oman. They generate value and strengthen our Integrated Gas business, which we need to deliver the energy Oman and the world need today," said Wael Sawan, Shell Integrated Gas, Renewables and Energy Solutions director.

Current stock price: 1,602.80 pence

Year-to-date change: up 23%

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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