KUALA LUMPUR: Shell Plc said on Tuesday it will sell its stake in two offshore production sharing contracts in Malaysia's Baram Delta for $475 million to Petroleum Sarawak Exploration & Production Sdn Bhd.
The announcement comes after Shell announced in March 2021 that it was considering selling its stake in the two production sharing contracts, as part of its strategy to focus and increase resilience and competitiveness in its upstream business.
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