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  • PETRONAS Awards Offshore Block In Peninsular Malaysia To Enquest And PETRONAS Carigali
    édité le 04/12/2019 - Plus de news de "Petronas" - Voir la fiche entreprise de "Petronas"

PETRONAS Awards Offshore Block In Peninsular Malaysia To Enquest And PETRONAS Carigali
PETRONAS has awarded Block PM409 offshore Peninsular Malaysia, to EnQuest Petroleum Production Malaysia Ltd (EnQuest), a wholly-owned subsidiary of EnQuest PLC, and PETRONAS Carigali Sdn Bhd (PCSB) as part of the 2019 Malaysia Bidding Round.

The Production Sharing Contract (PSC) and Joint Operating Agreement (JOA) for Block PM409 was signed here today.

EnQuest is the operator for Block PM409, with a participating interest of 85 per cent, while PCSB owns the remaining 15 per cent.

Signing on behalf of PETRONAS was the Senior Vice President of Malaysia Petroleum Management, Mohamed Firouz Asnan, while EnQuest by its Managing Director, John Penrose and PCSB was represented by Vice President of Exploration, Emeliana Rice-Oxley.

Speaking at the event, Firouz said the signing today would continue to contribute towards the sustainability of the upstream industry in the country.

“The effort to sustain Malaysia’s petroleum as a vibrant industry can only be achieved through effective collaborations with partners with unique value propositions made possible through the innovative PSC models offered by PETRONAS,” he added.

The Malaysia Bidding Round is an annual event organised by PETRONAS to market Malaysia’s acreages to existing and new players who have the capability to unlock the potential of hydrocarbon resources in Malaysia.

Photo 1: The agreements were signed by Mohamed Firouz Asnan, SVP MPM PETRONAS (3rd from left), John Penrose, Managing Director Malaysia, EnQuest (3rd from right) and Emeliana Rice-Oxley, VP Exploration PETRONAS Carigali (2nd from left).

About Petronas

With over 35 years of experience, PETRONAS is recognised with a sterling reputation as a reliable LNG supplier and solutions provider. Operating from its main supply base (PETRONAS LNG Complex) in Bintulu, Sarawak. PETRONAS LNG Complex is one of the world’s largest LNG complexes on a single site. The nine-train facility has a combined annual production capacity of about 30 million tonnes. In addition, PETRONAS has also diversified its LNG supply portfolio in recent years with the inclusion of Australia’s Gladstone LNG and the world’s first floating LNG facility located offshore Sarawak.

About EnQuest

EnQuest is an independent production and development company with operations in the UK North Sea and Malaysia. The Group’s strategic vision is to be the operator of choice for maturing and underdeveloped hydrocarbon assets by focusing on operational excellence, differential capability, value enhancement and financial discipline.

EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm. Its UK operated assets include Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, Alma/Galia, Kraken and the Sullom Voe Terminal; EnQuest also has an interest in the non-operated Alba oil field. At the end of June 2019, EnQuest had interests in 17 UK production licences and was the operator of 15 of these licences. EnQuest’s interests in Malaysia include the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract, both of which the Group operates.

Origine : Communiqué Petronas

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