KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded the production sharing contract (PSC) for the South East Collins Cluster, under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum Sdn Bhd.
Wednesday, 21 Apr 2021 04:58 PM MYT
A logo of a Petronas fuel station is seen against a darkening sky in Kuala Lumpur, February 10, 2016. Reuters pic
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KUALA LUMPUR, April 21 Petroliam Nasional Bhd (Petronas) has awarded the production sharing contract (PSC) for the South East Collins Cluster, under the newly introduced Small Field Asset (SFA) PSC terms, to Vestigo Petroleum Sdn Bhd.
The South East Collins Cluster, located in water depths of 42 to 45 metres 70 kilometres north east of Labuan Island, comprises two fields, namely South East Collins and Lokan which were discovered in the 1980s, Petronas said in a statement today.