Offshore Oil & Gas Future Development

PETRONAS is pleased to announce that it has acquired, through its overseas exploration and production subsidiary, PETRONAS Carigali Overseas Sdn Bhd, the entire share capital of Kerr-McGee Indonesia, Ltd (KMI), for US$ 170 million. KMI is a subsidiary of Kerr-McGee Corporation, an Oklahoma City-based energy and inorganic chemical company listed on the New York Stock Exchange.
KMI holds a 30 per cent interest in Jabung Block which covers 5,339 square kilometres (sq km) onshore South Sumatra in a prolific oil and gas producing area. The Jabung Block has significant oil and gas reserves, with five fields producing approximately 24,000 barrels of oil per day (bopd). (more…)

Foggy PETRONAS Racing, the team sponsored by PETRONAS to race in the World Superbike Championship, was officially launched today, just five weeks before its planned debut in the Laguna Seca round of the championship in July.

The London launch of the team, headed by four-time British World Superbike champion Carl Fogarty, also saw the unveiling of the eagerly awaited race bike, the FP1. (more…)

Foggy PETRONAS Racing, the team sponsored by PETRONAS to race in the World Superbike Championship, was officially launched today, just five weeks before its planned debut in the Laguna Seca round of the championship in July.

The London launch of the team, headed by four-time British World Superbike champion Carl Fogarty, also saw the unveiling of the eagerly awaited race bike, the FP1.

The understated launch ceremony was officiated by Tan Sri Dato’ Seri Azizan Zainul Abidin, Chairman of PETRONAS, together with Fogarty. It was also attended by Peter Sauber, Team Principal of the Sauber PETRONAS F1 Team and several other senior officials from the motorsports industry. (more…)

PETRONAS, together with Empresa Nacional de Hidrocarbonetos de Moçambique (ENH), the national oil company of Mozambique, has been awarded the exploration and production contract for the offshore Zambezi Delta Block by the government of Mozambique.

The Exploration Production Contract (EPC) for the block was signed today in Maputo, Mozambique between PETRONAS and ENH as partners, and Mozambique’s Ministry of Mineral Resources and Energy. (more…)