(PRESS RELEASE) LONDON, 5-Sep-2022 — /EuropaWire/ — Shell plc (AMS: RDSA), a Dutch-British multinational oil and gas company, has announced its final investment decision (FID) for the development of the Rosmari-Marjoram gas project in Sarawak, Malaysia, a number of deepwater sour gas fields discovered in 2014. Located 220 kilometres (km) off the coast of Bintulu, Sarawak, Malaysia, the Rosmari-Marjoram gas project will be powered by renewable energy, using solar power for the offshore platform. The gas project is jointly developed by Sarawak Shell Berhad (SSB) (80%, Operator), a subsidiary of Shell plc, and PETRONAS Carigali Sdn Bhd (20%).
“Rosmari-Marjoram will help to deliver a secure and reliable supply of energy, responsibly and efficiently,” said Shell Upstream Director Zoe Yujnovich. “This demonstrates our Powering Progress strategy – powering lives, generating value, and reducing emissions by using renewable energy to power Rosmari-Marjoram.”
Ivan Tan, Country Chair and Senior Vice President Upstream Malaysia said, “The support and partnership from PETRONAS and the Government of Sarawak are critical to achieving this milestone with Rosmari-Marjoram. Shell has a long and proud history in Sarawak, and we look forward to contribute further to Sarawak and Malaysia’s economic growth through investments in competitive and resilient projects.”
The Rosmari-Marjoram development is one of the strategic projects to ensure a sustained gas supply to the PETRONAS LNG Complex. The project comprises a remotely operated offshore platform and onshore gas plant, with infrastructure that includes one of the longest sour wet gas offshore pipelines in the world stretching more than 200 km. Rosmari-Marjoram project is designed to produce 800 million standard cubic feet of gas per day (MMscf/d). Gas production is expected to start in 2026.
Notes to editors
Cautionary note
The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this announcement, “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as “joint ventures” and “joint operations”, respectively. “Joint ventures” and “joint operations” are collectively referred to as “joint arrangements”. Entities over which Shell has significant influence but neither control nor joint control are referred to as “associates”. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.
Media contacts:
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SOURCE: Shell
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