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).

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: