#sb412

Exploration in Malaysia to be expanded

Dateline 2022-03-24, Bangkok Post: PTT Exploration and Production Plc (PTTEP) is preparing to explore a new offshore oil block in Malaysia under its “Coming Home Strategy” to focus more on new investments in Southeast Asia.Malaysian national oil and gas conglomerate Petronas awarded the exploration rights at Block SB412, located off the northwestern coast of Sabah, to PTTEP through its…

PETRONAS SIGNS PSCS FOR FIVE OFFSHORE BLOCKS

Dateline 2022-03-24, Natural Gas World: 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, the company said on March 23. The contracts were awarded in the Malaysia Bid Round (MBR) 2021.Block SB412 in Sabah was signed between Petronas, PTTEP HK…

Malaysia’s Petronas awards six upstream exploration blocks

Dateline 2021-12-22, Energy Voice: Malaysia’s Petronas has awarded six of the 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021.The six blocks, awarded to both existing and new players, are Blocks SB412, 2W, X, SK427, SK439 and SK440. These awards are subject to the signing of the production sharing contracts (PSCs) between the relevant parties by the…