As part of its continuous global portfolio rationalisation, Shell has decided to explore its options to divest its non-operated interests in the Amended 2011 Baram Delta EOR Production Sharing Contract (PSC) and the SK 307 PSC. The assets located offshore Sarawak, Malaysia, are operated by PETRONAS Carigali Sdn. Bhd. and Sarawak Shell Berhad is a non-operating partner. This decision is in line with the Shell Group’s strategy for its Upstream business to become more focused and to increase its resilience and competitiveness. Shell Malaysia remains committed to supporting the Operator in delivering safe and smooth operations until completion of a sale to a credible buyer.

The Amended 2011 Baram Delta EOR PSC

PETRONAS Carigali holds a 60% equity interest in the Amended 2011 Baram Delta EOR Production Sharing Contract (PSC) and is operator, with Sarawak Shell Berhad holding the remaining 40% equity interest. The Amended 2011 Baram Delta EOR PSC was signed in 2016, to extend the life and increase the recovery factor of the Baram Delta. The (Amended) 2011 Baram Delta EOR PSC comprises the Bokor, Baronia, Fairley Baram, Bakau and Siwa oil fields and Tukau Timur and Baronia gas fields.

SK307 PSC

PETRONAS Carigali holds a 50% equity interest in the SK307 PSC and is operator, with Sarawak Shell Berhad holding remaining 50% equity interest. The SK307 PSC was signed in 1997 and currently has production from Baronia Barat oil field.

KeyFacts Energy: Shell Malsysia country profile