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Acquisition of ConocoPhillips' Stake in Ursa Platform

Sector: Oil and Gas • Location: United States

Source: Offshore Engineer Magazine

Project
Completed

Shell Offshore and Shell Pipeline Company have completed the acquisition of ConocoPhillips' working interest in the Ursa platform, increasing their stake from 45.3884% to 61.3484%. This acquisition is part of Shell's strategy to invest in profitable oil and gas projects and maintain stable production from its upstream business.

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The project “Acquisition of ConocoPhillips' Stake in Ursa Platform” is an infrastructure initiative in the Oil and Gas sector, located in United States. Taiyo aggregates data on it from Offshore Engineer Magazine.

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Completed

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Description

Description

Shell Offshore and Shell Pipeline Company have completed the acquisition of ConocoPhillips' working interest in the Ursa platform, increasing their stake from 45.3884% to 61.3484%. This acquisition is part of Shell's strategy to invest in profitable oil and gas projects and maintain stable production from its upstream business.

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Source

Source reliability

High

Data quality score

100%

Source

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