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In another major divestment move, Royal Dutch Shell has farmed out its stakes in the Greater Sunrise fields for £235 million. Southeast Asian nation, Timor-Leste will buy Shell’s 26.56% interest in the Sunrise and Troubadour gas and condensate fields. Timor-Leste will gain ownership of Shell’s permits NT/RL2 and NT/RL4 within Australian waters and PSC 03-19 and PSC 03-20 within Timor-Leste waters and associated governance agreements.
