KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has successfully priced a US$3.0 billion (US$1=RM4.11) dual-tranche senior bond offering, comprising US$1.25 billion 10.75-year and US$1.75 billion 40-year conventional notes.
The 10.75-year senior notes were priced at 92.5 basis points (bps) over the 10-year US Treasury yield for a coupon of 2.480 per cent, and the 40-year senior notes were priced 115 bps over the 30-year US Treasury for a coupon of 3.404 per cent, Petronas said in a statement today. Key highlights of the transaction include lowest coupon and tightest issue spreads ever achieved by Petronas and any other Malaysian corporations in both the 10-year and 40-year bond tranches.
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
Subscribe to our Telegram channel for the latest updates on news you need to know.
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.
Energy Voice reported.
Energy Voice is a digital and print news platform which reports on what matters in oil, gas, power and energy.
This is some eight years after a platform jacket was installed, according to the portal.
The portal wrote that the jacket for an unmanned drilling and production platform was installed in 2013, but the topsides were only put in place earlier this month.
“Output from the field in Block 1 is expected to peak at 10,000 barrels per day of oil and 35 million cubic feet per day of gas,”
Energy Voice reported.
theedgemarkets.com concerning the report.