SHELL TO STUDY DEVELOPMENT OF PERU'S CAMISEA GAS/CONDENSATE FIELDS

A Royal Dutch/Shell Group unit has agreed to evaluate the commercial potential of Peru's Camisea gas fields, paving the way for a possible development project that has been stymied for 6 years. State owned Perupetro SA has validated the agreement with Shell Internationale Petroleum Mij. BV. It probably will be signed this week, once approval is published in the official gazette El Peruano, said Shell's Lima office.

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