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Project Insights

Shell sells off downstream assets in Argentina

Shell has decided to focus its Argentine business on drilling for oil and gas in the country’s huge Vaca Muerta shale play.
By Staff reporter 3 October 2018 Americas / Exploration & Production 0 32774

Shell has decided to focus its Argentine business on drilling for oil and gas in the country’s huge Vaca Muerta shale play and has sold off its downstream assets in Argentina to pay for it.

The assets, which include service stations and asphalt production, were sold to Brazil’s Raizen for $916 million.