Shell joint venture makes oil and gas find offshore Sabah

Oct 11, 2005 02:00 AM

Sabah Shell Petroleum said a Shell-Petronas Carigali-ConocoPhillips joint venture has made another oil and gas discovery in Deepwater Block G, offshore northwest Sabah.
Significant hydrocarbon columns in high-quality reservoir rock were found in the Ubah-2 exploration well.

The discovery well and an appraisal sidetrack were drilled in a water depth of 1,430 m.
“The Ubah discovery is a positive achievement for Malaysia and 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,” Shell Malaysia chairman Datuk Jon Chadwick said.

Shell Malaysia and ConocoPhillips each has 35 % equity in the joint venture while Petronas Carigali holds the balance 30 %.
Shell Malaysia operates the block on behalf of this partnership.

Source: Star Publications (Malaysia) Bhd
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