KUALA LUMPUR, Feb 22 (Bernama) — PETRONAS has awarded Block SB405, off the coast of Sabah, offshore Malaysia, to ConocoPhillips East Malaysia Limited (COPEM) a subsidiary of ConocoPhillips and PETRONAS Carigali Sdn. Bhd. (PCSB). The award of this exploration block is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the country.
The Production Sharing Contract (PSC) was signed today, on 19 February 2021, where PETRONAS, PCSB and COPEM were represented by Senior Vice President of Malaysia Petroleum Management Mohamed Firouz Asnan; Vice President of Exploration, Upstream, Emeliana Rice-Oxley; and President of COPEM, Erik Keskula, respectively.