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Petronas adds to homebase portfolio

MALAYSIAN state-backed oil player Petronas has today announced its execution of two Small Field Asset (SFA) Production Sharing Contracts (PSCs) in a three-party agreement alongside local service providers Duta Marine, and Singaporean oil player Rex International (Rex).

Jonathon Davidson

An FSO asset similar to that utilised in PSC deal

The PSCs relate to acreage within the boundaries of two separate offshore clusters; the Rhu-Ara cluster and Diwangsa cluster respectively. Both fields were offered during the Malaysia Bid Round 2020...

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