Shell Discovered First Oil Well in Borneo

The discovery of the first oil well in Borneo marked a pivotal development in the region's economic landscape. Located in Miri, Sarawak, this well, known as the Grand Old Lady, was established by Shell. This event initiated a series of advancements in the oil industry within Borneo, leading to the construction of the first oil refinery in the region. Following the discovery, Shell also laid a submarine pipeline in Miri, which facilitated the transportation of oil and contributed to the growth of the local economy. The establishment of these infrastructures not only enhanced the oil extraction process but also positioned Borneo as a significant player in the global oil market. The impact of this discovery extended beyond immediate economic benefits, as it laid the groundwork for future investments and developments in the oil sector, attracting both local and international stakeholders. Today, the Grand Old Lady stands as a state monument, symbolizing the beginning of the oil industry in Borneo and its ongoing significance in the region's development.