Royal Shell to Expand its Stake in Oil Fields in India

Shell

After a merger with the BG Group Plc in February, Royal Dutch Shell Plc has decided to expand its investments in India. Shell is the only global oil company to have a fuel retail licence in India and has invested around $1 billion so far in India operations. Shell has a presence in India in the downstream and midstream segments. After its merger with BG Group, Shell has become an upstream player too. With the Panna Mukta and Tapti (PMT) oil and gas field, Shell will now partner with Oil and Natural Gas Corp. Ltd (ONGC) and Reliance Industries Ltd (RIL). Shell holds a 30% interest in the mid and south Tapti gas fields and the Panna/Mukta oil fields, while ONGC holds a 40% stake and RIL 30%.

Read Full News At: http://www.researz.com/royal-shell-expand-stake-oil-fields-india

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