Shell Announces Malaysia Deep-Water Gas Discovery
THE HAGUE, April 17, 2014 /PRNewswire/ --
Shell (NYSE: RDS.A) (NYSE: RDS.B) today announced an exploration discovery offshore Malaysia. The successful 'Rosmari-1' well is located 135 kilometres offshore in Block SK318, and was drilled to a total depth of 2,123 metres. The well encountered more than 450 metres of gas column. With further exploration planned, the finding is a positive indicator of the gas potential in an area of strategic interest for Shell.
"Rosmari-1 is a testament to our ability to successfully drill and build understanding of new geology within our existing exploration heartlands, adding value to our existing assets in Malaysia," said Andy Brown, Director Shell Upstream International. "We are expanding and rejuvenating heartlands across our exploration portfolio, including in Brunei, Australia and the Gulf of Mexico."
"This adds to Shell's sequence of recent exploration successes in Malaysia, with these discoveries expanding the company's heartlands positions," said Iain Lo, Chairman Shell Malaysia.
Block SK318 is Shell operated with an 85% interest, with the remaining 15% held by PETRONAS Carigali Sdn Bhd.
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