PETROS now third in hydrocarbon resource base equity after PETRONAS, Shell
BY ALEXANDRA LORNA & GOH PEI PEI KUCHING: PETROS has grown to be the third largest oil and gas company in Malaysia, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg. He said that PETROS, which was established in 2017, is the third largest oil and gas company in its equity in hydrocarbon resource […]
PETROS acquires 45pct equity in Block SK407
KUCHING: Petroleum Sarawak Berhad (PETROS) has entered into a production sharing contract (PSC) with Petroliam Nasional Berhad (PETRONAS) to acquire 45 percent equity in Block SK407 located offshore Miri effective Jan 1, next year. This was announced by PETROS chairman Tan Sri Hamid Bugo who described the move as a pivotal step by the state […]
Petros inks first PSC for offshore exploration
KUCHING: Petroleum Sarawak Berhad (Petros) through Petroleum Sarawak Exploration and Production Sdn Bhd (PSEP) has been awarded its first production sharing contract (PSC) with Sarawak Shell Berhad (SSB) and Petronas Carigali Sdn Bhd (PCSB). Under the PSC, SSB as operator of the contract, gets 85 percent equity while PSEP and PCSB get 7.5 percent respectively. […]
Companies amend gas sales pact with Petronas
KUALA LUMPUR: Hess Malaysia and its partner, Petronas Carigali Sdn Bhd, a subsidiary of Petronas, have successfully concluded negotiations with Petronas to amend the Upstream Gas Sales Agreement (UGSA) of the PM302 Production Sharing Contract (PSC). In a statement, Hess Malaysia – a leading global energy company – said the agreement was amended to include […]
