KUALA LUMPUR, Malaysia – Petronas has awarded a production-sharing contract (PSC) to PTTEP HK Offshore Ltd. (PTTEP), KUFPEC Malaysia (SK-410B) Ltd. (KUFPEC), and Petronas Carigali Sdn Bhd for exploration block SK410B offshore Sarawak.
Under the terms of the PSC, PTTEP will operate the block with participating interest of 42.5%, KUFPEC with 42.5%, and Petronas Carigali with 15% interest.
The signing marked Petronas’ first PSC award in 2016. It is also the Bangkok-based PTTEP’s first operatorship inMalaysia.
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