From the Star – Petronas awards two offshore contracts


From the Star, dateline 2009-10-27 (I’ve been away, okay?):

PETALING JAYA: Petroliam Nasional Bhd (Petronas) awarded two production sharing contracts (PSCs) for Block SB309 and Block SB310 offshore Sabah with an estimated minimum financial commitment of US$75mil and US$117mil respectively yesterday.

In a statement, Petronas said the PSCs were awarded to a partnership between its exploration and production arm Petronas Carigali Sdn Bhd and Talisman Energy Inc’s wholly owned subsidiary, Talisman Malaysia Ltd.

Talisman Energy is a global, diversified, upstream oil and gas company headquartered in Canada.

Under the terms of the PSCs, Talisman Malaysia, with participating interest of 70% in each block, will operate both blocks.

Here’s something to follow up in the year, ooh maybe 2012 (3 years exploration rights, I assume).

And why does everyone spell PETRONAS with lower case? Non-O&G reporters…

2 Responses to From the Star – Petronas awards two offshore contracts

  1. JabbatheHutt says:

    yeah yeah, i know PETRONAS should be spelt with caps, but people don’t do that.

    Jabbathehutt should be correctly referred to as:
    “Oh Great Wonderful Slave Master, of whom we are unworthy worm, JABBA the HUTT”

    but then again, people just call me Jabba.

    • Wata says:

      Oh Great Wonderful Slave Master, of whom we are unworthy worm, JABBA the HUTT: I was referring to the other riffraff out there, of which I must include myself, I think I got the PETRONAS spelling wrong recently.

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