Filipino firms queue up for slice of Malampaya gas field after Shell confirms sale

摘要

Shell is looking to sell its 45% stake in the Malampaya gas field, offshore the Philippines, the Anglo-Dutch firm’s local unit confirmed this week. Following the announcement, several local firms revealed their interest in buying it, with the Anglo-Dutch firm’s proposed divestment coming six months after Chevron completed the sale of its 45% stake in service contract 38-which contains the Malampaya field. “As part of an ongoing portfolio rationalization to simplify and increase the resilience of its business, Shell is exploring its options with a view to divest its interest in SC 38 (Malampaya),” a Shell spokesperson told Gas Matters Today on Friday.