Shell wins Malaysia offshore exploration block


Is Shell exiting, or wo’? Maybe it will exit PETRONAS , and enter PETROS?

Oo, and the page has an article titled “Petronas surrenders to Sarawak tax demands as CEO walks

Dateline 2021-07-29, Energy Voice:

Significantly, Sarawak state-energy company Petroleum Sarawak (PETROS) will hold a minor stake in Block SK437, marking its first involvement in an offshore exploration production-sharing contract (PSC).

Shell will operate the 2,015 sq km block, which lies southwest of the Central Luconia province in waters 50 metres deep, with an 85% interest. Malaysian national oil company (NOC) Petronas Carigali and PETROS will each hold a 7.5% stake in the acreage.

Since the 1970s, significant oil and gas reserves have been discovered offshore the eastern Malaysian state of Sarawak, which have helped supply one of the world’s largest liquefied natural gas (LNG) export plants in Bintulu.

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