Supermajor Shell has acquired the entire portfolio of gas assets of British utility Centrica in Trinidad & Tobago in a $30 million deal.
The assets consist of a 17.3% in the producing NCMA-1 block and 80% and 90% operated interests respectively in the undeveloped blocks NCMA-4 and Block 22.
In addition to the initial consideration, Centrica will also receive further payments subject to Block 22 and NCMA-4 reaching agreed project milestones, the company said.
