Shell, Petronas Partner to Develop Gas Fields Offshore Malaysia
(Reuters) — Shell Plc on Monday said it would invest with Malaysian state oil firm Petronas to develop the Rosmari-Marjoram gas fields in the Southeast Asian country's waters.
The Rosmari-Marjoram fields are situated 220 km (136.7 miles) off the coast of Bintulu in the Malaysian state of Sarawak.
The project is designed to produce 800 million standard cubic feet of gas per day, with gas production expected to start in 2026, Shell said in a statement.
The development of the field will be crucial to ensure a sustained gas supply to the Petronas liquefied natural gas complex in Bintulu, Shell said.
The final investment decision was taken by Sarawak Shell Berhad, a Shell subsidiary with an 80% operating stake in the project, and Petronas' upstream unit Carigali Sdn Bhd (20%), Shell said.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
Comments