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SHEL Shell Plc

2,560.50
12.00 (0.47%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.00 0.47% 2,560.50 2,561.50 2,562.00 2,573.50 2,549.50 2,557.50 9,577,860 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9804 8.59 166.39B

Shell Starts Oil Production from Gumusut-Kakap platform in Malaysia

08/10/2014 9:00am

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By Ian Walker

LONDON--Royal Dutch Shell PLC (RDSB.LN) said Wednesday it has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deep-water projects.

The Gumusut-Kakap field is located in waters up to 1,200 meters deep. The platform is expected to reach an annual peak oil production of around 135,000 barrels a day, once fully ramped up, Shell said.

With oil production now under way, work on the gas injection facilities is continuing with an expected start-up during 2015, it added.

The Gumusut-Kakap project is a joint venture between Shell (33%, operator), ConocoPhillips Sabah (33%), PETRONAS Carigali (20%), Murphy Sabah Oil (14%).

Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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