Shell Italia E&P acquired an 80% interest and operatorship of the Northern Italian Cascina Alberto permit from Northern Petroleum for USD 850,000 in cash. The Shell subsidiary also agreed to carry a seismic cost of up to USD 4 million and a total exploration well cost of up to USD 50 million.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.