Shell has acquired Ivanhoe Energy’s interest in the Zitong block and becomes a project partner
Dec 19, 2012
Shell announced today that Shell China Exploration and Production Company Limited (Shell) and Sunwing Zitong Energy Limited, a wholly owned subsidiary of Ivanhoe Energy Inc., have signed a Sale and Purchase Agreement (SPA) for Shell to acquire 100% of Sunwing’s interest in the Zitong Production Sharing Contract (PSC).