Shell Remains Confident In Malaysia
Jul 02, 2015
Kuala Lumpur – Shell Malaysia notes that a few recent news reports have not accurately reflected Shell’s business operations in Malaysia.
Shell Malaysia’s businesses are not affected by developments at the Shell Refining Company (Federation of Malaya) Berhad (“SRC”). Refining overcapacity and margins globally have led the Board of SRC to evaluate the long term sustainability of this business. SRC is a separate independent entity from Shell’s other operating units in Malaysia.
Malaysia continues to be an important country for Shell. We are the leading retail fuels and lubricants provider in the country and continue to invest in growing these businesses in Malaysia. Shell also operates the Gumusut Kakap field, which is expected to contribute up to 25% of the country’s oil production.
Shell continues to play a role in developing the nation’s deep-water resources and deep-water service industry. Shell is currently working on its second deep-water venture, the Malikai oil field, 100km offshore Sabah, Malaysia. The Malikai development will be a 23,500 tonne Tension Leg Platform (TLP) production facility, the first of its kind to be fabricated and installed in Malaysia.
Shell has been in Malaysia for over 120 years and we look forward to many more.
For further Media Enquiries, please contact:
Mr. Leigh Wong, Head of Media Relations & Issues Management
Shell is a global leader in power, energy, and gas technology and is working to meet increasing energy demand and supply challenges by delivering smarter products and cleaner energy, infrastructure, and by developing new energy sources while addressing the impact on the environment. Malaysia is one of Shell’s heartlands. The history of Royal Dutch Shell in Malaysia started more than 120 years in Miri, Sarawak. Shell currently has a strong market presence in the upstream and downstream sector in Malaysia.