Production Sdn News Today

Kuala Lumpur: SMJ Energy Sdn Bhd (SMJESB) ushered in the New Year with another deal for up to 20 per cent stake in Block SB403 Production Sharing Contract (PSC), here, Tuesday.

Shell plc has completed the sale of its stake in two offshore production sharing contracts (PSCs) in Malaysia's Baram Delta to Petroleum Sarawak Exploration & Production Sdn Bhd.

PTT Exploration and Production Plc (PTTEP) continues to increase its oil and gas production through the exploration of a new source of petroleum in Malaysia in cooperation with two Malaysian firms.

PTT Exploration and Production Plc (PTTEP) continues to expand its reach as it seeks new sources of petroleum in Malaysia in cooperation with two Malaysian firms.

Shell Plc said on Tuesday it would sell its stake in two offshore production sharing contracts in Malaysia's Baram Delta…

Shell Plc said on Tuesday it would sell its stake in two offshore production sharing contracts in Malaysia's Baram Delta…

KUALA LUMPUR (Dec 13): Shell plc said on Tuesday (Dec 13) it will sell its stake in two offshore production sharing contracts in Malaysia's Baram Delta for US$475 million (RM2.11 billion) to Petroleum Sarawak Exploration & Production Sdn Bhd. The announcement comes after Shell announced in March 2021 that it was considering selling its stake in the two production sharing contracts, as part of its strategy to focus and increase resilience and competitiveness in its upstream business.

The transaction will be effective Jan 1 and is targeted for completion in early-2023.

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