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Mubadala signs deal with Shell in Malaysia
As part of Mubadala Petroleum’s recent exploration success and expanding interests to develop its position offshore in Malaysia, the company has signed an agreement with Shell to swap equity in two exploration blocks in offshore Malaysia.
Under the agreement, starting January 1, Mubadala Petroleum will gain a 20 per cent interest in the deepwater Block 2B, while Shell will gain a 20 per cent interest in Block SK320. Deepwater Block 2B is operated by Shell, Mubadala Petroleum operates Block SK320.
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