Shell, Mubadala swap Malaysian interests

Mubadala Petroleum, Abu Dhabi, has agreed with Shell to swap equity interests in two exploration blocks offshore Malaysia.

Mubadala acquires a 20% interest in deepwater Block 2B from Shell, and Shell acquires a 20% interest in Block SK320 from Mubadala. State owned Petronas Carigali participates in both blocks.

On Block SK320, operator Mubadala recently made a third natural gas discovery with the Sintok-1 well (OGJ Online, Dec. 17, 2013). Mubadala said it will plug that well and drill another prospect, Sirih, nearby. Other discoveries on the block are named Pegaga and M5.

Shell operates Block 2B, which is adjacent to Block SK320.

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