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PETRONAS has signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round (MBR) 2022.
The Meranti Cluster, located offshore Peninsular Malaysia, was awarded to Ping Petroleum, which is in partnership with Duta Marine Sdn Bhd. All three PSCs were awarded under the Small Field Asset terms introduced in 2020.
Malaysia’s Petronas has inked two deals with Petroleum Sarawak (Petros) to scale up the sustainable development of Sarawak’s energy industry.
PETRONAS has signed a Memorandum of Understanding (MoU) with six South Korean companies to undertake conceptual and feasibility studies towards establishing a full value chain related to carbon dioxide (CO2) capture, transport and storage.