Shell Plans Sale of Non-Operated Assets in Malaysia
Anglo-Dutch Shell is looking to divest its non-operated interests in two production sharing contracts offshore Malaysia, Shell Malaysia said on March 12.
The assets, Baram Delta EOR and the SK307 production-sharing contracts, located offshore Sarawak are operated by Petronas Carigali, a unit of state-run Petronas, and Sarawak Shell is a non-operating partner.
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Sarawak Shell owns a 40% interest in Baram Delta and 50% in SK307, with Petronas Carigali holding the remainder.
Shell Malaysia said that this decision is in line with the Shell group’s strategy for its upstream business to become more focused and to increase its resilience and competitiveness.