UK’s Cairn Energy said it has entered into a non-legally binding Letter of Intent (LOI) with Shell to acquire all of the major’s upstream assets and undertakings in Bangladesh, including its interest in the Sangu gas field. The effective date of the acquisition is July 1, 2003. Cairn said the proposed acquisition is subject to…
BANGLADESH: Cairn announces plan to acquire Shell’s upstream assets
Posted on August 8, 2003 by EnergyAsia