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Shell Malaysia announces important oil & gas discovery offshore Sabah

Petrochemical industry | 10 Oct 2005 IST | Polymerupdate.com
Monday, 10 Oct 2005

Shell Malaysia upstream company, Sabah Shell Petroleum Company Limited, announced today that a Shell - Petronas Carigali - ConocoPhillips joint venture has made another material oil and gas discovery with their recent Ubah-2 exploration well, located in Deepwater Block G, in waters offshore northwest Sabah, Malaysia.

The Ubah-2 exploration well encountered significant hydrocarbon columns in high-quality reservoir rock. The discovery well and an appraisal sidetrack were drilled in a water depth of 1430 meters.

Datuk Jon Chadwick, Chairman of Shell Malaysia, said: "The Ubah discovery is a positive achievement for Malaysia and for the joint venture partners. Shell and its partners are pursuing a business growth strategy that contributes to Malaysia~s economy. The deepwater discoveries we are making offshore Sabah are key cornerstones of this strategy."

Wouter Hoogeveen, Shell~s Vice President Exploration Asia-Pacific, added: "We are delighted with our third successive deepwater discovery in Sabah. We continue to focus on the delivery of new material discoveries, whilst pursuing rapid appraisal and development of these new fields."

The joint venture partners in Block G are Shell Malaysia (35% equity), ConocoPhillips (35%) and Petronas Carigali (30%). Shell Malaysia is the operator of the Block on behalf of this partnership.

Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges. Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit www.shell.com.
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