Shell, Petronas, ConocoPhillips agree to develop Malikai offshore field in Malaysia

2/4/2013

Shell, Petronas, ConocoPhillips agree to develop Malikai offshore field in Malaysia

BY JASON NG
 
KUALA LUMPUR – Shell’s unit Shell Malaysia said that it has agreed with its partners Petronas Carigali and ConocoPhillips Sabah to develop a deepwater oil field offshore Sabah state. The three companies have taken a "final investment decision" to develop the Malikai field, which was awarded by Petronas, in 1995, Shell Malaysia said in a statement.

Shell and ConocoPhillips each own 35% in the project while Petronas owns the rest.

Dow Jones Newswires

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