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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

Shell finds gas in new area offshore Malaysia

Reuters - UK Focus

LONDON, April 17 (Reuters) - Anglo-Dutch oil and gas major Shell (LSE: RDSB.L - news) announced on Thursday it had found gas in a new drilling area off Malaysia.

It found more than 450 metres of gas column at its Rosmari-1 well and plans further exploration, Shell said.

"Rosmari-1 is a testament to our ability to successfully drill and build understanding of new geology within our existing exploration heartlands, adding value to our existing assets in Malaysia," said Andy Brown, director of Shell's international upstream business.

The well is located near Block SK318, in which Shell has an 85 percent stake. Malaysia's Petronas Carigali owns the remaining 15 percent. (Reporting by Karolin Schaps; editing by Jason Neely)