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Shell to invest $3 billion a year in shale gas over next 5 years

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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On February 6, 2020, according to market sources, Royal Dutch Shell (RDS.
A.
US) plans to invest billions of dollars in shale drilling projects

Shell plans to invest about $3 billion a year in shale projects over the next five years, Amir Gerges , the company's vice president, told the Argus U.
S.
Crude Oil Summit in Houston .
In 2019, Shell's production in the Permian Basin increased by more than 100,000 barrels per day .

Ger er ges _

Gerges added: "We will continue to increase production from the core area

In addition, Shell and its rival oil majors Exxon Mobil (XOM.
US), Chevron (CVX.
US) and BP (BP.
US) are in the Permian Basin and BP in Texas.
New Mexico is investing billions of dollars

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