Royal Dutch Shell Plc's Unit Shell Malaysia Reaches Agreement with Partners to Develop Offshore of Sabah-DJ

Monday, 4 Feb 2013 01:05am EST 

Dow Jones reported that Royal Dutch Shell Plc's (Shell) unit Shell Malaysia has reached the agreement with its partners Petronas Carigali Sdn Bhd and ConocoPhillips Sabah Ltd (ConocoPhillips) to develop a deep-water oil field offshore of Sabah. The companies have taken a final investment decision to develop the Malikai field. Shell and ConocoPhillips hold each 35% stake in the project. Petronas owns the rest of the project's interest. 

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