Wednesday 3 May 2023

Shell To Sell Interest In Browse Project

Shell Australia has signed an agreement with BP for the sale of Shell’s interests in the Browse Project subject to regulatory approvals.

Browse remains an important Australian resource which if developed will provide much needed energy to customers as the energy market transitions towards lower carbon energy.

The Browse project includes Brecknock, Calliance and Torosa Gas and Condensate Fields and the Browse LNG Terminal

Shell regularly assesses its portfolio to inform capital allocation and maximise returns and performance however, the Browse asset is no longer a strategic fit in the context of Shell’s global portfolio.

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