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Shell & ExxonMobil: Sale of Clapham Field, UK North Sea

London

7 January 2002

Shell U.K. Limited and Esso Exploration and Production UK Limited announce the sale of their respective 25% interests in the Clapham fields, in UK Blocks 21/24, to PetroCanada UK Limited for an undisclosed consideration.

Stellar acted as advisors to Shell U.K. Limited & Esso Exploration and Production UK Limited.