Cluff sells SNS stakes to Shell

摘要

Cluff Natural Resources has agreed to farm out Southern North Sea (SNS) licences P2252 and P2437 to Shell, which has a three-month exclusive option. Cluff’s chief executive Graham Swindells said: “We are delighted to be able to announce the farm-out of licence P2252 and the terms of an option to farm out licence P2437 with a partner of this standing. This partnership is a clear endorsement of the quality of the licences in our portfolio and demonstrates the Cluff technical team’s ability to identify and transform overlooked or less understood opportunities.