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Shell invests in phase 4 of Gumusut-Kakap deepwater field project off Malaysia

Shell invests in phase 4 of Gumusut-Kakap deepwater field project off Malaysia

A Shell oil and gas sign is pictured near Nowshera, Pakistan's northwest Khyber-Pakhtunkhwa Province on Sep 8, 2010. (File photo: Reuters/Morteza Nikoubazl)

Sabah Shell Petroleum Co, a Malaysian unit of Shell PLC, on Monday (Oct 3) took a final investment decision on phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore development project along with its co-venturers.

The GKGJE phase 4 development is a subsea tie-back project that is expected to achieve first oil in late 2024, Shell Malaysia said in a statement.

Earlier in the day, Petronas said Gumusut-Kakap Deepwater Field achieved its first oil production.

Source: Reuters/st
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