11:12 AM EDT, 04/05/2024 (MT Newswires) -- (Updates with Temasek's response in the fourth paragraph.)

Shell (SHEL) and Saudi Aramco, which are competing to buy the assets of Temasek-owned Pavilion Energy, are in final talks over price negotiations, Reuters reported Friday, citing three unnamed people familiar with the matter.

The asset sale may fetch more than $2 billion, the report said, citing two of the sources.

Shell, Pavilion Energy and Temasek declined to comment, while Aramco did not respond, Reuters said.

Temasek declined MT Newswires' request for comment, while Shell, Pavilion Energy, and Aramco did not respond.

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