Malaysia: PETRONAS signs new Discovered Resource Opportunities PSCs

March 20, 2023

Dateline 2023-01-18, Energy Pedia:

PETRONAS has signed Production Sharing Contracts (PSCs) for three clusters of Discovered Resource Opportunities (DRO) marketed under the Malaysia Bid Round (MBR) 2022.

The A Cluster was awarded to Ping Petroleum and Petroleum Sarawak Exploration & Production (PSEP), while Dialog Resources and PSEP won the bid for the Baram Junior Cluster. Both clusters are located off the coast of Sarawak.


Malaysia awards three oil, gas production-sharing deals

March 16, 2023

Dateline 2023-01-18, Argus Media:

Malaysia’s state-owned Petronas has awarded three oil and gas production-sharing contracts under its 2022 bidding round, as it looks to maximise the value of the country’s oil and gas resources.

The contracts, awarded under the Malaysia Bid Round (MBR) 2022, are for three clusters of discovered resource opportunities, Petronas said on 17 January. The A and Baram Junior clusters are located off the coast of Sarawak, Malaysia’s biggest oil-producing state, while the Meranti cluster is offshore peninsular Malaysia.