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Reuters: Shell reports big finds in Australia, Malaysia

Thu Jul 26, 2007 6:05 PM BST

LONDON, July 26 (Reuters) – Oil major Royal Dutch Shell said on Thursday it had made material finds in Australia and Malaysia in the first half of the year.

Chief Executive Jeroen van der Veer said the company had made the finds of gas at its Prelude and Persephone prospects off Australia’s northwest coast and of oil and gas offshore northwest Sabah in Malaysia.

The CEO singled out Prelude, in the Browse basin, for particular mention.

“We think it may be an important new resource,” he told a news conference in London .

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