Shell Agrees to Sell BG Cyprus Limited
July 31, 2026
July 31, 2026
LONDON, England, July 31 -- Shell plc, an oil and gas company, issued the following news release:
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Shell agrees to sell BG Cyprus Limited
Shell has reached an agreement to sell its 100%-owned subsidiary BG Cyprus Ltd. to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments.
BG Cyprus Ltd. holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas fi . . .
* * *
Shell agrees to sell BG Cyprus Limited
Shell has reached an agreement to sell its 100%-owned subsidiary BG Cyprus Ltd. to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments.
BG Cyprus Ltd. holds a 35% non-operated interest in the Cyprus Offshore Block 12, containing the Aphrodite gas fi . . .