Petronas awards PSCs offshore Malaysia

Jan. 24, 2024
Petronas awarded production sharing contracts for six exploration blocks and one discovered resource opportunities cluster offshore Sarawak basin and Northwest Sabah basin.

Petronas Carigali Sdn. Bhd. awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster offshore Sarawak basin and Northwest Sabah basin marketed under the Malaysia Bid Round 2023 (MBR 2023).

The blocks under the PSCs span across three regions in offshore Malaysia comprising two blocks in offshore Peninsular Malaysia, three blocks off the coast of Sarawak, as well as one exploration block and one DRO cluster situated off the coast of Sabah (OGJ Online, Feb. 16, 2023). The awards are as follows:

  • Petronas Carigali and E&P Malaysia Venture Sdn. Bhd. for Block PM342.
  • Jadestone Energy (PM) Inc. and Petronas Carigali for Block PM428.
  • Petronas Carigali, EPMV and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK330.
  • Petronas Carigali, Inpex Malaysia E&P, PT Pertamina Malaysia Eksplorasi Produksi, and PSEP for Block SK510.
  • Sarawak Shell Bhd., Petronas Carigali and PSEP for Block 5E.
  • Petronas Carigali, EPMV, and SMJ Energy Sdn. Bhd. (SMJ Energy) for Block SB403.
  • E&P O&M Services Sdn. Bhd. for Bambazon Cluster.
Petronas also launched Malaysia Bid Round 2024 (MBR 2024), offering five exploration blocks and five clusters of DRO to potential investors. The five exploration blocks are in Langkasuka basin in the Straits of Melaka, and Semporna and Sandakan basins off the eastern coast of Sabah. Three DRO clusters are within shallow waters of Peninsular Malaysia and Sabah, and two DRO clusters are within the deepwater realm of Sabah.

The MBR 2024 virtual data room is open until bid deadline submission on Aug. 1, 2024.

About the Author

Alex Procyk | Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).