Shell, Mubadala sign to swap equity in 2 exploration blocks offshore M'sia


KUALA LUMPUR: Shell Malaysia has signed an agreement with Mubadala Petroleum to swap equity in two exploration blocks offshore Malaysia.

Shell said in a statement yesterday that with the swap, it gained a 20% interest in Block SK320 while Mubadala Petroleum gained 20% interest in the deepwater Block SK2B.

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