The Anglo-Dutch supermajor was behind thepurchase of the 90% stakes in two Orange basin blocks recently reported sold bySignet Petroleum, it confirmed on Monday.
Polo Resources, which owns 42% of Signet,revealed earlier this month that Signet was shedding its stakes in blocks 2913Aand 2914B. It declined, however, to reveal the buyer, saying only that it was a“major international oil company”.
A Shell spokesperson confirmed the move to Upstream, saying: “We have reached agreement withSignet Petroleum to obtain their 90% interest in petroleum explorationlicense 39 (PEL39), consisting of two blocks offshore the Namibian coast.
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