Petronas, ExxonMobil to invest $2.1 billion for EOR projects offshore Malaysia

Petronas Carigali has signed a Production Sharing Contract with ExxonMobil Exploration and Production Inc. (EMEPMI) for further development of seven oil fields offshore Malaysia.

Offshore staff

KUALA LUMPUR -- Petronas Carigali has signed a Production Sharing Contract with ExxonMobil Exploration and Production Inc. (EMEPMI) for further development of seven oil fields offshore Malaysia.

Under the terms of the PSC, EMEPMI and Petronas Carigali will spend a minimum of $2.1 billion to undertake major enhanced oil recovery (EOR) project activities, rejuvenation of facilities and further development, and drilling activities in the fields.

06/04/2009

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