Mubadala and Shell Swap Equity Interest in Exploration Blocks
Mubadala Petroleum and Royal Dutch Shell have signed an equity swap agreement that will transfer 20% equity interests in two offshore exploration blocks offshore Malaysia.
The two blocks in question are Block 2B and Block SK320. Block SK320 is operated by Mubadala Petroleum; it has a 75% interest in the block. Petronas Carigali Sdn Bhd has a 25% interest. Block 2B is operated by Shell; it has an 85% interest in the block. Petronas Carigali has the remaining 15% interest.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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