The company announced in March that it was considering selling its stakes in the Baram Delta EOR and the SK307 production-sharing contracts, which are operated by Petronas Carigali Sdn Bhd.
The sale process for the two stakes, launched this month, is being run by investment bank J.P. Morgan, according to the sales document.
Sarawak Shell Berhad owns a 40% equity interest in Baram Delta and 50% in SK307, with Petronas Carigali holding the remainder.
Shell's portfolio contains total remaining reserves and resources of 230 million boe as of 2021, according to the document. Production is expected to reach 35 000 boe/d in 2022, and is forecast to grow to 44 000 boe/d by 2023, it said.
Read the latest issue of Oilfield Technology in full for free: Issue 2 2021
Oilfield Technology’s second issue of 2021 starts with a report from KPMG that examines the outlook for the Scottish oil and gas sector. The rest of the issue is dedicated to articles covering the offshore supply chain industry, offshore asset integrity, expandable liner technology, advances in drilling, data security, flow control, EOR and methane emissions.
Exclusive contributions come from Tata Steel, EM&I Group, 3X Engineering, Enventure Global Technology, Varel Energy Solutions, Adrilltech, Tendeka and more.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/23072021/shell-starts-sale-of-stakes-in-two-malaysian-offshore-fields/
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