Shell Malaysia to explores offshore Sarawak

Shell Malaysia announced the signing of a new production sharing contract (PSC) with PETRONAS to explore for oil and gas offshore Sarawak. Sarawak Shell Berhad is the operator and will partner PETRONAS Carigali with a 50:50 participating equity split.
The SK319 PSC will see Shell undertake an initial 3 year exploration program to comprehensively explore an area totalling 2727 square kilometres within block SK319 in Central Luconia, offshore Sarawak.