Petronas has signed production sharing contracts (PSCs) for five offshore exploration blocks, namely SB412, 2W and X located off the coast of Sabah, and SK439/SK440 located off the coast of Sarawak.
Block SB412 in Sabah was signed between Petronas, PTTEP HK Offshore Ltd. and SapuraOMV Upstream (M) Sdn Bhd, while the PSCs for ultra-deepwater Blocks 2W and X were signed between Petronas, Sabah Shell Petroleum Company Ltd., Shell Sabah Selatan Sdn Bhd and Petronas Carigali Sdn Bhd.
The PSC for Sarawak’s Block SK439/SK440 was signed between Petronas, Sarawak Shell Berhad and Petroleum Sarawak Exploration & Production Sdn Bhd.