Japan’s JX acquires stake in deepwater Malaysia block


From The Sun Daily, 2013-09-19:

Japan’s JX Nippon Oil & Gas Exploration Corp said on Thursday it has acquired a 40% stake in the Deepwater Block 2F off the coast of Sarawak in Malaysia.

JX and Petroliam Nasional Bhd (Petronas) have entered into a production sharing contract for the block, JX’s sixth block in Malaysia and its fourth as an operator, it added.

Petronas also holds a 40% stake, while GDF Suez E&P Malaysia BV has the remaining 20%. The exploration period is four years.

“Deepwater Block 2F is located in the northwest of Sarawak, with 5,500 sq km surface area and 100-1,200m water depth,” JX said.

 

This entry was posted on Saturday, November 9th, 2013 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a comment