Sarawak urged to buy stake in gas block from Petronas


I need a refresher on the mechanics of a PSC. Anyone want to come over and give it?

Dateline 2017-02-22, FMT:

Chief Minister Abang Johari Openg has been urged to take up the 49% stake in the SK316 offshore gas block which Petronas is reportedly planning to sell.

PKR Sarawak vice-chairman See Chee How said the Sarawak government should immediately negotiate with Petronas to purchase this stake.

See was responding to a Reuters report on Feb 20 that Petronas aimed to sell a large minority stake in the prized upstream local gas project for up to US$1 billion as it seeks to raise cash and cut development costs.

Petronas is looking to sell a stake of as much as 49% in the SK316 offshore gas block in Sarawak state, Reuters quoted sources as saying.

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This entry was posted on Tuesday, March 28th, 2017 at 6:10 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.

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