10 hydrocarbon discoveries made in Malaysia

February 28, 2023

Dateline 2022-12-23, Upstream:

Petronas and its Petroleum Arrangement Contractors (operators) in Malaysia this year have notched up a combined 10 discoveries on the back of buoyant exploration drilling, with the star of the show being Petronas Carigali’s significant Nahara find.

“The year 2022 has been a good year for exploration in Malaysia. I am very pleased with the increased exploration activities where 16 wells were completed, with two more in progress, doubling 2021’s figure,” said Petronas senior vice president of Malaysia Petroleum Management (MPM), Mohamed Firouz Asnan.

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Petronas signs PSC with SK Earthon

May 15, 2022

Who now?

Dateline 2022-04-23, Malaysian Reserve:

PETRONAS has signed a Production Sharing Contract (PSC) with SK earthon Co., Ltd. (SK earthon) and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak.

SK earthon, a wholly owned subsidiary of South Korea’s SK Innovation Co., Ltd is the operator of Block SK427 with 85 percent participating interest while PSEP, the Sarawak-owned oil and gas company, holds the remaining 15 percent.

Signing on behalf of PETRONAS was Senior Vice President of Malaysia Petroleum Management (MPM) Mohamed Firouz Asnan, while SK earthon was represented by its Director and Head of Exploration & New Venture Office, Suntaek Bang, and PSEP by its Director and Chief Operating Officer, Dr James Foo.

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