Related Articles
Petros might be poised to take more stakes in Sarawak blocks
Forward article link
Share PDF with colleagues

Malaysia awards another offshore block to Shell

The major has been awarded another block by NOC Petronas, but government involvement remains vital

Shell is expanding further its upstream presence in Malaysia, with the award of another block offshore Sarawak. Petronas awarded block SK437 to a joint venture led by Shell subsidiary Sarawak Shell Berhad, which will operate the site and own an 85pc stake. Shell’s two partners in the development—a Petronas subsidiary and Petroleum Sarawak Exploration & Production (PSEP), a division of Sarawak state-owned Petros—each hold 7.5pc. The production-sharing contract (PSC) has been signed, with the deal marking PSEP’s first foray into an offshore exploration PSC. 15 – Malaysian PSCs Shell already has stakes in Shell already has stakes in 15 PSCs in Malaysia, including eight off t



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Trinidad scrambles to prevent gas nosedive
17 September 2021
The country’s production has been freefalling for years, but expected startups will not be enough to avert further long-term losses
Nigerian reforms leave lingering doubts
16 September 2021
Questions remain over some specifics of the recently passed Petroleum Industry Bill and whether the reforms will be enough to jumpstart the country’s stalled upstream
Tullow-led joint venture reveals revised Kenya plans
16 September 2021
Kenya’s ambitions to become a crude exporter might be back on track, as Tullow and partners have revised their Turkana plans
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video