Shell starts oil production from Malaysian deep-water platform

[LONDON] Oil major Shell has started oil production from the Gumusut-Kakap floating platform off the Malaysian coast, the company said on Wednesday.

The deep-water platform is also expected to start producing gas over the course of next year, Shell added.

The facility is set to reach an annual output peak of around 135,000 barrels a day.

The Gumusut-Kakap platform is one of more than 20 deep-water projects developed by Shell, including in the Gulf of Mexico and offshore Nigeria.

The Malaysian project is 33 per cent owned by Shell as operator, with ConocoPhillips Sabah also owning 33 per cent. Malaysia's Petronas Carigali holds a 20 per cent stake and Murphy Sabah Oil a 14 per cent share. - Reuters