Shell to exit Ireland upstream business in $1.23B deal

Clubs and Organizations

July 12, 2017

The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS-A, RDS-B), which has a major presence in Houston, has reached a deal to sell its upstream business in Ireland for up to $1.23 billion. A subsidiary of Toronto-based Canada Pension Plan Investment Board will acquire Shell’s 45 percent stake in the Corrib Natural Gas Field venture. The deal is expected to close in the second quarter of 2018, and