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Significance
Soon after this unitisation deal, oil major Shell booked a drillship to work on the Gumusut-Kakap project, which it operates. It also finalised the purchase of a subsidiary of France’s Total which holds most of CA-1, a block in Brunei's waters where Jagus East is located.
Impacts
Brunei-Malaysia relations will grow stronger.
Upstream and downstream investments will be a key driver of Brunei’s GDP growth over the next five years.
Malaysia will step up efforts to attract new investors to its oil and gas sector.
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2021
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