Shell Gains 60% Stake in South Africa’s Block 2C, Expanding Orange Basin Presence
Shell Secures Major Offshore Expansion in South Africa’s Orange Basin with PetroSA Farm-In Deal South Africa’s state-owned PetroSA has approved a farm-in agreement granting Shell Offshore a 60% operating stake in Block 2C, significantly expanding the oil major’s presence in the strategic Orange Basin, according to a company document reviewed by Reuters. The Orange Basin, located along the maritime border between South Africa and Namibia, has become a leading exploration hotspot following several major discoveries
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