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Petronas awards offshore blocks to PTTEP HKO, Petronas Carigali

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KUALA LUMPUR, March 22 2019 : Petroliam Nasional Bhd (Petronas) has awarded Block PM407 and Block PM415, about 160 km offshore Peninsular Malaysia, to PTT Exploration and Production Hong Kong Offshore Ltd (PTTEP HKO) and Petronas Carigali Sdn Bhd.

PTTEP HKO is a wholly-owned subsidiary of PTT Exploration and Production Public Company Ltd (PTTEP) and Petronas Carigali is a wholly-owned subsidiary of Petronas.

In a statement today, Petronas said PTTEP HKO would be the operator for both blocks, with a participating interest of 55 per cent for Block PM407 and 70 per cent for Block PM415, while Petronas Carigali owns the remaining 45 per cent and 30 per cent in the respective blocks. – Bernama

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