Shell has delayed drilling of a $100million-plus exploration well off Australia’s north-west coast.
The Shell Cronus-1 well had been due to start drilling in the Browse Basin but has been delayed until later in the year.
It comes after a number of wells were also deferred including Japan’s Inpex Corporation and Santos, while a number of other companies have sought modifications to terms.
A spokesman for Shell said the deferral had not been as a result of the decline in oil price.
He said: “The JV is committed to drilling the Cronus-1 exploration well within permit year six”.
Last week, Shell also announced it would be reducing the headcount to its North Sea operations by 250.
It also said it was consulting staff regarding a change to a three on, three off work pattern
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