Ping Petroleum wins first Malaysia oil and gas PSCs

March 17, 2023

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%.

Rex Gets Hold of Two Small Oil Fields Offshore Malaysia

September 22, 2021

Rex who?

Dateline 2021-08-30, OE:

Oil and gas companies Rex International and Duta Marine have been awarded rights to operate the Rhu-Ara and Diwangsa clusters offshore Malaysia.  

Petronas signed the two Small Field Asset (SFA) Production Sharing Contracts with the two companies in what is Rex’s maiden entry into Malaysia’s upstream industry, in partnership with local company Duta Marine.