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And the Middle Eastern investors will want something more than the 2.5p they paid - ITS all over again
Looks like it
I wonder how those Middle Eastern investors must be feeling seeing as though they bought in at 2.5p?
Https://www.theborneopost.com/2023/08/28/shell-delivers-first-gas-from-timi-platform-offshore-sarawak/
(Alliance News) - Shell PLC on Monday said its Malaysian subsidiary achieved first gas at the Timi platform.
The London-based oil major said Sarawak Shell Berhad, its subsidiary, announced that gas production has started at the Timi platform in Malaysia under the SK318 production sharing contraction.
SSB is the operator of the platform holding 75% equity, with Petronas Carigali Sdn Bhd and Brunei Energy Exploration holding 15% and 10% respectively.
It is located around 252 kilometres north-west of Bintulu, Sarawak, and 202km north-west of Miri, Sarawak.
Timi is a sweet gas field discovered in 2018, and is designed to produce up to 50,000 barrels of oil equivalent per day of gas at peak production. It will evacuate the gas through a new 80km pipeline to the F23 production hub, Shell said.
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"Timi demonstrates we are delivering more value with less emissions," said Zoe Yujnovich, Shell's Integrated Gas & Upstream director.
"Bringing the project online is also an example of our focus on performance, discipline, and simplification. It shows our ability to innovate and deliver safe, reliable, and sustainable projects that support a balanced energy transition for Malaysia
Needs to be replaced!
DB PMSL
Fantastic news - well done IOG team
Let us not forget ..... https://www.heraldscotland.com/business_hq/23276763.north-sea-minnow-iog-backed-warren-buffett/
Are you havein a larf - go back under you box
Hope so then I can break even!