PETRONAS awards four new production sharing contracts under Malaysia Bid Round 2024

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PETRONAS awards four new production sharing contracts under Malaysia Bid Round 2024
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The 62-year-old triumphed over New Zealand’s Robyn Malcolm by a thin margin of 0.08 points.

KUALA LUMPUR: Petroliam Nasional Bhd , through Malaysia Petroleum Management , has announced the awarding of production sharing contracts for three Discovered Resource Opportunities clusters and one exploration block offered under the Malaysia Bid Round 2024, which was launched earlier this year.

The Ubah cluster, located off the coast of Sabah, consisting of five fields - Ubah, Rempah, Bagang, Batai and Biris - was awarded to ConocoPhillips Malaysia New Ventures Ltd, Sabah Shell Petroleum Company Ltd and Petronas Carigali Sdn Bhd under the Deepwater Revenue-over-Cost PSC. "We are pleased to see our petroleum arrangement contractors growing their portfolios in Malaysia. With their strong track records and proven capabilities, they continue to contribute significantly to the growth of Malaysia's petroleum sector,” MPM senior vice-president Datuk Bacho Pilong said.

"The Ubah cluster can greatly benefit from integration with the Kebabangan field, especially considering that both are operated by the same contractors - this integration can lead to various synergies and advantages for the operations of both fields," said Bacho.

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