Shell, a British-Dutch oil and gas company, completed the acquisition of Total E&P Deep Offshore Borneo, which holds an 86.95% interest in Block CA1, an oil exploration asset in Brunei, for $300m. "This transaction is consistent with Shell's deep water strategy to deliver competitive growth from a diverse international portfolio. We look forward to playing our part in a strong and established industry that is helping Brunei to meet its energy needs," Ivo Verstralen, Shell Deepwater Borneo Managing Director.