EXPLORATION

Malaysia's PETRONAS hands out multiple PSCs

Group has awarded a number of licences over discovered fields in latest bid round

SVP of MPM, PETRONAS, Datuk Ir. Bacho Pilong (5th from left) with signatories and representatives from PCSB, Hibiscus Oil & Gas Malaysia Limited, Ping Petroleum, Duta Marine and Jadestone Energy at the signing of DRO PSCs marketed under the MBR+ Round 1

Malaysia's state oil and gas company PETRONAS has awarded multiple discovered fields to a range of bidders under Bid Round Plus (MBR+) Round I. The company has signed Production Sharing Contracts (PSCs)...

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