Cairo, Egypt: PETRONAS, together with its partners BG International Limited (BG) and Egyptian General Petroleum Corporation (EGPC), have successfully delivered their first liquefied natural gas (LNG) cargo to Asean LNG Trading Company Ltd (ALTCO), a subsidiary of PETRONAS.

The delivery is the partners’ first cargo commitment under a five-year sale and purchase agreement signed with ALTCO and BG Gas Marketing Ltd (BGGM). Under the agreement, ALTCO and BGGM will on a 50:50 basis lift 1.45 million tonnes of LNG annually from the Damietta LNG Complex in Egypt, owned by Spanish Egyptian Gas Company (SEGAS). The plant receives its feed gas from the West Delta Deep Marine (WDDM) Concession Area under a separate five-year processing agreement it reached with Egyptian Natural Gas Company Holding (EGAS). PETRONAS has a 50 per cent working interest in the WDDM Concession Area, about 140 kilometres away from the LNG Complex. Continue Reading

PETRONAS today signed a Production Sharing Contract with PETRONAS Carigali Sdn Bhd and ConocoPhillips for the Kebabangan Oil Field offshore Sabah.This contract is the third to have been awarded to ConocoPhillips in Malaysia; the other two for Deepwater Blocks G and J, also offshore Sabah, where the company is in partnership with PETRONAS Carigali and Shell.

The Kebabangan Oil Field, which covers an area of about 30 square kilometres, is situated about 94 kilometres northwest of Kota Kinabalu in water depths ranging from 120 metres to 250 metres. Continue Reading

PETRONAS today signed a Production Sharing Contract with PETRONAS Carigali Sdn Bhd and ConocoPhillips for the Kebabangan Oil Field offshore Sabah.

This contract is the third to have been awarded to ConocoPhillips in Malaysia; the other two for Deepwater Blocks G and J, also offshore Sabah, where the company is in partnership with PETRONAS Carigali and Shell. Continue Reading