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.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed Production sharing contracts (PSCs) for five offshore exploration blocks, enabling the state-owned oil and gas firm to attract a capital commitment of about RM600 million in exploration activities in Malaysia.
Shell has signed three Production Sharing Contracts (PSC) with PETRONAS, to explore oil and gas offshore Sabah and Sarawak. Shell continues to invest in its existing fields in Malaysia and has commenced work on Phase 3 of the Gumusut-Kakap development.