SHEL - What's Going On With Shell Shares Today? Malaysia Pipeline Touted As 'Highly Attractive Investment' | Benzinga
Shell plc (NYSE:SHEL) shares are trading higher today. The company stated that SapuraOMV Upstream Sdn Bhd, the operator of the Jerun field in Malaysia, disclosed the achievement of the first gas.
Shell holds a 30% equity stake in the field via its Malaysian subsidiary, Sarawak Shell Berhad, having made the final investment decision for the development in 2021.
The Jerun field in Sarawak, Malaysia, features a central processing platform and an 80-km pipeline to the E11RB production hub, supplying gas to customers in Bintulu, including Malaysia LNG.
At peak operation, the field can produce up to ...