KUALA LUMPUR, Feb 28 (Bernama) — PETRONAS, through Malaysia Petroleum Management (MPM) today signed Production Sharing Contracts (PSC) for two Discovered Resource Opportunities (DRO) clusters, situated off the coast of Peninsular Malaysia.
The BIGST Cluster was awarded to PETRONAS Carigali Sdn Bhd, and JX Nippon Oil & Gas Exploration (BIGST) Sdn Bhd, with 50 per cent participating interest each. Meanwhile, Tembakau Cluster was awarded to IPC Malaysia B.V and IPC SEA Holding B.V, with 90 per cent and 10 per cent participating interest, respectively.
