Shell is more than halfway through seismic survey work on a newly-acquired North Sea prospect.
Shell has completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Cluff Natural Resources (CLNR) has raised £15m through share placing in order pay its share of two North Sea licences Shell recenty farmed into.
Energy giant Shell has taken up operatorship of a Southern North Sea licence estimated to have recoverable reserves of 100million barrels of oil equivalent.
Shell has taken an option to farm-in to a 90million barrel North Sea prospect owned by Cluff Natural Resources (CLNR).