{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Shell Awards Contracts to Support Sabah Deepwater Operations","text":"\u003Cp\u003E\u003Cb\u003EKota Kinabalu\u003C/b\u003E − Sabah Shell Petroleum Company Ltd (SSPC), a subsidiary of Shell plc, today announced the award of a five-year contract for deepwater operations and maintenance services to an unincorporated joint venture comprising two Sabahan companies, namely Solvantis Services Sdn. Bhd. (formerly SIP FPSO Perintis Sdn. Bhd.) and Evolusi Bersatu Sdn. Bhd. The contract handover ceremony, which was held at SSPC's office in Plaza Shell, Kota Kinabalu was witnessed by Yang Berhormat Datuk Seri Panglima Haji Masidi Manjun, Minister of Finance and Deputy Minister II, Sabah.\u003C/p\u003E\r\n","links":[{"name":"Shell Awards Contracts to Support Sabah Deepwater Operations","value":"https://www.shell.com.my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations.html"}],"date":"2026-10-08T12:30:00.000Z"},"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://www.shell.com.my/about-us/_jcr_content/root/header/inherited.model.json","id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://www.shell.com.my/"},{"name":"About Us","value":"https://www.shell.com.my/about-us.html"},{"name":"Media","value":"https://www.shell.com.my/about-us/media.html"},{"name":"2026 Press Release","value":"https://www.shell.com.my/about-us/media/2026-press-releases.html"},{"name":"Shell Awards Contracts to Support Sabah Deepwater Operations","value":"https://www.shell.com.my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations.html"}]},"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader.Date","color":"inherited","model":{"title":"Shell Awards Contracts to Support Sabah Deepwater Operations","text":"\u003Cp\u003E\u003Cb\u003EKota Kinabalu\u003C/b\u003E − Sabah Shell Petroleum Company Ltd (SSPC), a subsidiary of Shell plc, today announced the award of a five-year contract for deepwater operations and maintenance services to an unincorporated joint venture comprising two Sabahan companies, namely Solvantis Services Sdn. Bhd. (formerly SIP FPSO Perintis Sdn. Bhd.) and Evolusi Bersatu Sdn. Bhd. The contract handover ceremony, which was held at SSPC's office in Plaza Shell, Kota Kinabalu was witnessed by Yang Berhormat Datuk Seri Panglima Haji Masidi Manjun, Minister of Finance and Deputy Minister II, Sabah.\u003C/p\u003E\r\n","date":"2026-10-08T12:30:00.000Z"},"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/main/section/page_header"},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003EThe contract will underpin the safe, reliable and efficient operations of SSPC’s Gumusut-Kakap Semi-Floating Production System and Malikai Tension Leg Platform, two key deepwater assets in Malaysia, from 2026 to 2031. The contract supports the growth of Malaysia's deepwater capabilities and Sabah's Oil and Gas Services and Equipment (OGSE) ecosystem through offshore operations support, capability development and specialised expertise.\u003C/p\u003E\r\n\u003Cp\u003E“The real value of local content is not measured merely by how many contracts are awarded. It is measured by how many Sabah companies become capable of delivering world-class work recognised by major operators such as Shell, how many Sabahans acquire high-value skills, and how much long-term economic value remains in and continues to grow in Sabah,” said Yang Berhormat Datuk Seri Panglima Haji Masidi Manjun, Minister of Finance and Deputy Minister II, Sabah.\u003C/p\u003E\r\n\u003Cp\u003ESSPC also awarded a contract for the provision of the Malikai Phase 3 mooring system and associated services to Integrated Petroleum Services Sdn. Bhd. and its Sabahan unincorporated joint venture partner, Emas Dinamik Sdn. Bhd. The award supports the planned Malikai Phase 3 drilling offshore Sabah and will provide the mooring infrastructure required to safely position the tender-assisted drilling (TAD) rig alongside the Malikai Tension Leg Platform (TLP).\u003C/p\u003E\r\n\u003Cp\u003EThe contract for Malikai Phase 3 encompasses project management, engineering, procurement, equipment inspection and preparation, marine vessel provision, offshore surveys, installation, hook-up, operational support, and the subsequent disconnection of the mooring and hawser systems in water depth of 500 metres. Emas Dinamik will support the offshore campaign through the provision and coordination of the principal vessel spread.\u003C/p\u003E\r\n\u003Cp\u003E“Today’s contract award ceremony underscores SSPC’s commitment to safe and reliable deepwater operations while creating meaningful opportunities for Sabahan companies to participate in higher-value and more complex scopes. Through collaboration with capable local partners and with the support of PETRONAS, the Sabah state government and SMJE Sdn Bhd, we are helping to build a stronger, more resilient and competitive energy ecosystem in Sabah,” shared Siti Sulaiman, Country Chair of Shell Malaysia and Senior Vice President Upstream Malaysia.\u003C/p\u003E\r\n\u003Cp\u003ETogether, these awards demonstrate SSPC’s long-term commitment to developing local capabilities and creating shared value through strategic partnerships. By expanding opportunities for Sabahan companies to participate in the energy value chain, SSPC is supporting the growth of a stronger, more competitive and future-ready energy ecosystem in Sabah.\u003C/p\u003E\r\n\u003Ch3\u003E\u003Cb\u003ENotes to editors\u003C/b\u003E\u003C/h3\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003EMalikai Phase 3 took its Final Investment Decision (FID) earlier this year.\u003C/li\u003E\r\n\u003Cli\u003EShell currently operates two deepwater oil-producing assets in Sabah – Gumusut - Kakap Floating Production System (FPS) and Malikai Tension Leg Platform (TLP), which were commissioned in 2014 and 2016 respectively.\u003C/li\u003E\r\n\u003Cli\u003ESSPC operates the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) field, Shell’s first deepwater development in Malaysia. Since starting production in 2014, the development has progressed to its fourth phase and is currently producing an average of around 76,000 barrels of oil per day.\u003C/li\u003E\r\n\u003Cli\u003ESSPC is also the operator of Malikai deepwater development. Malikai is the country’s first Tension Leg Platform (TLP) that lies 100 km offshore Sabah, at water depths of 500 metres.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Ch3\u003E\u003Cb\u003EEnquiries\u003C/b\u003E\u003C/h3\u003E\r\n\u003Cp\u003EShell Malaysia Media Relations: \u003Ca href=\"mailto:prema.jayabalan@shell.com\"\u003Eprema.jayabalan@shell.com\u003C/a\u003E\u003C/p\u003E\r\n"}},{"organism":"PromoSimple.Text","color":"inherited","id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/main/section/text_683230854","model":{"text":"\u003Ch3\u003E\u003Cb\u003ECautionary Note\u003C/b\u003E\u003C/h3\u003E\r\n\u003Cp\u003EThe companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement\u003Cb\u003E \u003C/b\u003E“Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking statements\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions, including (without limitation) those concerning Shell’s strategy and operating plans, macroeconomic conditions, future energy demand, supply and product mix, commodity prices, demand for Shell’s products, production results and reserve estimates, development, execution and management of projects, energy transition and climate change, management of safety and environmental risks, costs, cash capital expenditures, technology advancements, legislative, judicial, fiscal and regulatory developments, regional conflicts and trading conditions, and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ‘‘anticipate’’; “aspire”, “aspiration”, ‘‘believe’’; “commit”; “commitment”; ‘‘could’’; “desire”; ‘‘estimate’’; ‘‘expect’’; ‘‘goals’’; ‘‘intend’’; ‘‘may’’; “milestones”; ‘‘objectives’’; ‘‘outlook’’; ‘‘plan’’; ‘‘probably’’; ‘‘project’’; ‘‘risks’’; “schedule”; ‘‘seek’’; ‘‘should’’; ‘‘target’’; “vision”; ‘‘will’’; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this announcement are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at \u003Ca href=\"https://www.shell.com/investors/news-and-filings/sec-filings.html\"\u003Ewww.shell.com/investors/news-and-filings/sec-filings.html\u003C/a\u003E and \u003Ca href=\"http://www.sec.gov/\"\u003Ewww.sec.gov\u003C/a\u003E). These risk factors also expressly qualify all forward-looking statements contained in this announcement\u003Cb\u003E \u003C/b\u003Eand should be considered by the reader. Each forward-looking statement speaks only as of the date of this announcement, October 8, 2026.\u003Cb\u003E \u003C/b\u003ENeither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this announcement.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EShell’s net carbon intensity and net-zero emissions target\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EIn this announcement we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.\u003C/p\u003E\r\n\u003Cp\u003EShell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.\u003C/p\u003E\r\n\u003Cp\u003EThe information provided above regarding Shell’s NCI and net zero emissions target are not intended, nor should they be construed as introducing, suggesting or making any claim, target or representation thereof other than what is included in the announcement.\u003C/p\u003E\r\n\u003Cp\u003E\u003Cb\u003EForward-Looking non-GAAP measures\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003EThis announcement may contain certain forward-looking non-GAAP measures such as free cash flow and underlying operating expenses. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements. These forward-looking non-GAAP measures are provided to assist readers in understanding management’s use and expectations of such measures and may not be appropriate for other purposes. \u003C/p\u003E\r\n\u003Cp\u003EThe contents of websites referred to in this announcement do not form part of this announcement.\u003C/p\u003E\r\n\u003Cp\u003EWe may have used certain terms, such as resources, in this announcement that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website \u003Ca href=\"http://www.sec.gov/\"\u003Ewww.sec.gov\u003C/a\u003E.\u003C/p\u003E\r\n"}}],"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/main/section","model":{}}],"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://www.shell.com.my/"},{"name":"About Us","value":"https://www.shell.com.my/about-us.html"},{"name":"Media","value":"https://www.shell.com.my/about-us/media.html"},{"name":"2026 Press Release","value":"https://www.shell.com.my/about-us/media/2026-press-releases.html"},{"name":"Shell Awards Contracts to Support Sabah Deepwater Operations","value":"https://www.shell.com.my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations.html"}]},"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://www.shell.com.my/about-us/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/countries/malaysia/en_my/about-us/media/2026-press-releases/shell-awards-contracts-to-support-sabah-deepwater-operations/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Shell Awards Contracts to Support Sabah Deepwater Operations","text":"Sabah Shell Petroleum Company Ltd (SSPC), a subsidiary of Shell plc, today announced the award of a five-year contract for deepwater operations and maintenance services to an unincorporated joint venture comprising two Sabahan companies, namely Solvantis Services Sdn. Bhd. (formerly SIP FPSO Perintis Sdn. Bhd.) and Evolusi Bersatu Sdn. 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