Offshore staff

(Asia-Pacific) - Shell Malaysia upstream company, Sabah Shell Petroleum Company Ltd., reported that a Shell-Petronas Carigali-ConocoPhillips joint venture has made another material oil and gas discovery with their recent Ubah-2 exploration well, located in Deepwater block G, in waters offshore northwest Sabah, Malaysia.

The Ubah-2 exploration well encountered significant hydrocarbon columns in high-quality reservoir rock. The discovery well and an appraisal sidetrack were drilled in a water depth of 1,430 m.

According to Shell's Asia-Pacific vice president for exploration, Wouter Hoogeveen, this is the third successive deepwater discovery in waters off Sabah.

The joint venture partners in block G are Shell Malaysia (35% equity), ConocoPhillips (35%) and Petronas Carigali (30%). Shell Malaysia is the operator of the block on behalf of this partnership.

10/11/05