Ping Petroleum wins first Malaysia oil and gas PSCs


Dateline 2023-01-18, Energy Voice:

Petronas has awarded Ping Petroleum two production sharing contracts (PSCs) for discovered oil and gas resources in Malaysia marking the company’s debut in its home country.

The first PSC is for the development and production of oil and gas resources in the Meranti cluster located 80 km offshore Kuala Terengganu. Ping Petroleum is the operator of the Meranti Cluster with 60% participating interest, while Duta Marine holds the remaining 40%.

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