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Petronas awards exploration contract to 3 parties

KUALA LUMPUR — July 21, 2016: Petronas has awarded a production sharing contract to three companies for the exploration of Block SK410B.

Under the terms of the contract signed here today, PTTEP HK Offshore Ltd. will operate the block with a participating interest of 42.5 per cent, Kufpec Malaysia 42.5 per cent and Petronas Carigali the balance.

“Today’s signing not only marks Petronas’ first PSC award in 2016 but also welcomes PTTEP for its first operatorship in Malaysia.

“We are also pleased to collaborate with our long-term partner Kufpec once again,” said Petronas Executive Vice-President (Upstream) Datuk Mohd. Anuar Taib. — Bernama

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