SHEL said it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720M; BG Cyprus' 35% non-operated inte
SHEL said it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720M; BG Cyprus' 35% non-operated interest in a Cyprus Offshore block, home to the Aphrodite gas field in the eastern Mediterranean, will be controlled by MOL upon the expected 2027 completion of the deal.
SHEL said it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720M; BG Cyprus' 35% non-operated interest in a Cyprus Offshore block, home to the Aphrodite gas field in the eastern Mediterranean, will be controlled by MOL upon the expected 2027 completion of the deal.