Shell buys 30% stake in BP-operated Conifer exploration prospect in US Gulf of America - SHEL News | RalliesShell buys 30% stake in BP-operated Conifer exploration prospect in US Gulf of America
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SHEL• Operatorship and timing
- BP will retain operatorship once the transaction closes.
- The initial Conifer exploration well is expected to spud in 2027.
Shell takes stake in Conifer prospect
- Shell took a 30% stake in the Conifer exploration prospect in the US Gulf of America, operated by BP near the Kaskida development.
- The prospect sits in Keathley Canyon, about 250 miles southwest of New Orleans, expanding Shell’s Gulf of America position.
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