Shell to sell stake in Malaysia's Baram Delta to Petroleum Sarawak for $475m

Shell to sell stake in Malaysia's Baram Delta to Petroleum Sarawak for $475m

Shell branding is seen at a petrol station in west London, January 29, 2015. REUTERS/Toby Melville

Shell Plc said on Tuesday it will sell its stake in two offshore production sharing contracts in Malaysia’s Baram Delta for $475 million to Petroleum Sarawak Exploration & Production Sdn Bhd.