Shell Malaysia aims to sell interest in Malaysian offshore blocks
Shell Malaysia has agreed to investigate the possibility of selling its non-operated interests in the Amended 2011 Baram Delta EOR and the SK 307 PSC.
“Malaysia remains an important country to the Shell Group with a continued strong presence in its upstream, gas-to-liquids, downstream and business operations sectors,” Shell commented.
Petronas operates the properties, which are located off the coast of Sarawak, Malaysia.
The decision is in line with Shell's upstream business strategy to become more concentrated, resilient, and competitive, according to the company.
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