Shell completes withdrawal from two PSCs offshore Sarawak

Offshore staff

LONDON — Sarawak Shell Berhad has completed the sale of its non-operated stake in two offshore production sharing contracts (PSCs) in the Baram Delta.

Petroleum Sarawak Exploration & Production has acquired the 40% interest in the Amended 2011 Baram Delta EOR permit (BDO PSC) and 50% share of the SK 307 PSC.

Petronas Carigali, as operator, holds the remaining interests.

Shell stressed that it retained a strong presence in Malaysia’s upstream, gas-to-liquids, downstream and business services sectors, and currently has 19 PSCs in the country.

Last September the company said it would invest in the Rosmari-Marjoram gas development off Sarawak, in partnership with Petronas.

03.15.2023