EnergyWatch

Shell and Anadarko consider split in Texas

The joint venture between Shell and Anadarko in Texas could soon be a thing of the past. The two companies are considering going their separate ways in order to speed up development of oil fields.

Photo: /ritzau/Nabil al-Jurani/Arkiv

Over the past decade, Shell and Anadarko Petroleum Corporation have worked together in a joint venture in the Permian Basin in Texas, USA. But that could soon be over, as the two companies are considering allowing the venture to expire and divvying up the properties in the hope that development will go faster, reports Reuters.

The current partnership expires in the summer, and a split would enable the two companies to drill and develop new wells at their own pace.

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