Shell Divests 27% Non-Working Interest in North Cleopatra Block

Key Takeaways Shell agrees to sell a 27% non-working interest in the North Cleopatra block to QatarEnergy.SHEL keeps a 36% stake and operatorship, with Chevron and Tharwa Petroleum as other partners.The offshore block, located at the frontier Herodotus basin, spans 3,400 sq km.Shell plc (SHEL) , the British oil and gas giant, has signed an agreement with QatarEnergy to sell a 27% non-working interest in the North Cleopatra block in Egypt. QatarEnergy has mentioned that the deal is contingent upon approvals ...