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Shell abandons Qatar gas well

Reuters - UK Focus

LONDON, July 18 (Reuters) - Royal Dutch Shell (Xetra: A0ET6Q - news) said on Friday that exploration of its majority-owned QSD-1 natural gas well in Qatar did not reveal commercial volumes.

The oil and gas major said that it remains committed to future plans in the gas-rich Gulf producer.

The well "reached total depth as planned; however, it did not encounter commercial volumes of hydrocarbons," Shell (LSE: RDSB.L - news) said in a statement.

The QSD-1 project is 75 percent owned by Shell and 25 percent owned by PetroChina (HKSE: 0857-OL.HK - news) . (Reporting by Ron Bousso, editing by William Hardy)