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Colombia

Shell Withdraws from Colombian Offshore Gas Projects Amid Strategic Shift

By Energy Risk Management & Security

Shell has announced its withdrawal from three offshore natural gas projects in Colombia’s Caribbean region, citing a strategic realignment of its global portfolio. The decision affects the Col 5, Purple Angel, and Fuerte Sur blocks, jointly operated with Colombia’s state-owned oil company, Ecopetrol. Ecopetrol remains committed to these projects, emphasizing their technical and economic viability for the country’s medium-term energy supply.

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