Advantaged Energy News Today

The blocks under the PSCs span across three regions offshore Malaysia comprising two blocks in offshore Peninsular Malaysia, three blocks off the coast of Sarawak and one exploration block and one DRO cluster situated off the coast of Sabah.

Petronas made a second discovery on Surinames Block 52.

Petronas achieved success in five blocks on the Malaysian side of Borneo island.

PETRONAS has launched the Malaysia Bid Round 2023 (MBR 2023), offering 10 exploration blocks and two clusters of Discovered Resource Opportunities (DRO). Themed Winning the Energy Transition with our Advantaged Energy, MBR 2023 saw the participation of more than 50 oil and gas companies, as well as government agencies, foreign trade attachés and energy market consultants.

Petronas has offered ten exploration blocks and two clusters of discovered resource opportunities in its annual bid exercise.

The 10 exploration blocks on offer are within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. These blocks cover various geological play settings with sizeable prospects to be explored.

ETRONAS today signed a Production Sharing Contract (PSC) with SK earthon Co., Ltd. (SK earthon) and Petroleum Sarawak Exploration & Production...

Petronas has signed a PSC with SK Earthon and Petroleum Sarawak Exploration & Production for Block SK427 off the coast of Sarawak.

Petronas has signed a PSC with SK Earthon and Petroleum Sarawak Exploration & Production for Block SK427 off the coast of Sarawak.

PETRONAS has signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a wholly owned subsidiary of South Korea’s SK Innovation Co, is the operator of Block SK427 with 85 percent participating interest while PSEP, the Sarawak-owned oil and gas company, holds the remaining 15 percent.