Petronas, Brunei ink offshore development pacts

Dec. 10, 2013
Petronas has signed numerous agreements with the Brunei petroleum authorities designed to further cooperation in the oil and gas sector.

Offshore staff

KUALA LUMPUR, Malaysia – Petronas has signed numerous agreements with the Brunei petroleum authorities designed to further cooperation in the oil and gas sector. These agreements include:

  • A head of agreement (HOA) toward formalizing a unitization arrangement for future development of Malaysia’s Kinabalu West NAG field and Brunei’s Maharajalela North Panel field, which straddle the median lines between the two countries
  • An HOA toward a provisional production/cost-sharing arrangement for joint development of Malaysia’sGumusut-Kakap field and Brunei’s Geronggong/Jagus-East field
  • Two 50/50 production-sharing agreements awarded by Petroleum Brunei to Petronas Carigali Brunei and Shell Deepwater Borneo for blocks N and Q in Brunei’s eastern shallow-water areas
  • A memorandum of understanding between Malaysia Marine and Heavy Engineering and PB Services over a possible 30/70 joint venture for engineering and fabrication services.

12/10/2013