Exclusive: Shell-Total deal delayed by Malaysia-Brunei spat


Dateline 2020-02-28, Energy Voice:

Malaysia has revoked a cross-border agreement with Brunei to jointly develop fields along the Malaysian-Brunei maritime boundary.

The move jeopardises Total’s proposed sale of its Block CA-1 to Shell, as well as various offshore production-sharing contracts, including the Shell-led Gumusut-Kakap project.

Industry sources in Malaysia confirmed that Petronas halted discussions early February regarding unitisation and joint collaboration on several upstream projects straddling the maritime boundary, or that are located in Blocks CA-1 and CA-2 in the demarcated Malaysia Brunei Commercial Arrangement Area (CAA).

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This entry was posted on Sunday, April 19th, 2020 at 6:15 am and is filed under oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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