Offshore Oil & Gas Future Development

PETRONAS today awarded two Production Sharing Contracts (PSCs) to BHP Billiton Petroleum Sabah Corporation (BHPB) and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks N and Q, offshore Sabah.

The two blocks are situated in water depths ranging from 1,600 to 2,800 metres, about 175km from Kota Kinabalu. Block N covers an area of about 3,910 square km, while Block Q has an area of about 4,748 square km.

The blocks are also situated in the same basin as and contain similar play types to some of the surrounding earlier deepwater discoveries of Kikeh, Malikai, Gumusut Kakap and Ubah. (more…)

PETRONAS today awarded two Production Sharing Contracts (PSCs) to BHP Billiton Petroleum Sabah Corporation (BHPB) and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks N and Q, offshore Sabah.The two blocks are situated in water depths ranging from 1,600 to 2,800 metres, about 175km from Kota Kinabalu. Block N covers an area of about 3,910 square km, while Block Q has an area of about 4,748 square km.

The blocks are also situated in the same basin as and contain similar play types to some of the surrounding earlier deepwater discoveries of Kikeh, Malikai, Gumusut Kakap and Ubah. (more…)

Malaysia LNG Sdn Bhd (MLNG), a subsidiary of PETRONAS, has signed a new sale and purchase agreement (SPA) with Saibu Gas Co., Ltd. (Saibu Gas) to supply up to 390,000 tonnes per annum (TPA) of liquefied natural gas (LNG) for 15 years beginning October 2013. The SPA is an extension of the existing supply contract between the two parties.

The SPA was signed in Kuala Lumpur today by Tan Sri Dato Sri Mohd Hassan Marican, Chairman of MLNG, and Mr. Hiroki Ogawa, President of Saibu Gas. (more…)

Malaysia LNG Sdn Bhd (MLNG), a subsidiary of PETRONAS, has signed a new sale and purchase agreement (SPA) with Saibu Gas Co., Ltd. (Saibu Gas) to supply up to 390,000 tonnes per annum (TPA) of liquefied natural gas (LNG) for 15 years beginning October 2013. The SPA is an extension of the existing supply contract between the two parties.

The SPA was signed in Kuala Lumpur today by Tan Sri Dato Sri Mohd Hassan Marican, Chairman of MLNG, and Mr. Hiroki Ogawa, President of Saibu Gas. (more…)