Trinidad and Tobago's state-owned oil company Heritage Petroleum has hired a 25-year veteran of U.S. oil and gas producer ConocoPhillips as CEO, the company's chairman told Reuters on Monday.
KUALA LUMPUR (Bernama) Petroliam Nasional Bhd (Petronas) has awarded Block SB405, off the coast of Sabah, offshore Malaysia, to ConocoPhillips East Malaysia Ltd (COPEM) a subsidiary of ConocoPhillips and Petronas Carigali Sdn Bhd (PCSB).
In a statement, Petronas said the award is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the country.
The Production Sharing Contract (PSC) was signed today.
Petronas, PCSB and COPEM were represented by Malaysia Petroleum Management senior vice president, Mohamed Firouz Asnan; Exploration, Upstream vice president, Emeliana Rice-Oxley; and COPEM president, Erik Keskula, respectively.
Malaysia: PETRONAS awards Block SB405, off the coast of Sabah, to ConocoPhillips energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.