Platts – AOGC: Shell Malaysia says output at Sabah oil field falling only 5% year


Dateline 2011-06-07:

Shell Malaysia said Tuesday that output at mature oil fields that it is operating in North Sabah, east Malaysia, are declining at 5% a year, which is much better than the double-digit rate decline experienced by other other Malaysian fields.

“[This is achieved] through a lot of asset integrity work, a lot of wells management … On a fleet to portfolio basis, our oil fields in Sabah are the ones that have the least decline rates for mature fields,” Anuar Taib, Shell Malaysia chairman, told reporters at a briefing Tuesday on the sidelines of the 16th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia.

Shell has interests in more than 10 production sharing contracts in offshore blocks in Sabah and Sarawak.

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