Petronas signs production sharing contracts for five offshore exploration blocks

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 23 March 2022 15:30

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.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/23032022/petronas-signs-production-sharing-contracts-for-five-offshore-exploration-blocks/

Innovex completes divestment of subsea tree product line

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Innovex will retain intellectual property rights for the recently installed subsea tree orientation systems (VXTe) with the intent of licensing this technology to subsea tree manufacturers.

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