KOTA KINABALU, June 27 (Bernama) — PETRONAS, through Malaysia Petroleum Management (MPM), today signed a Small Field Asset (SFA) Production Sharing Contract (PSC) with Vestigo Petroleum Sdn Bhd (Vestigo) for a Discovered Resource Opportunity (DRO) cluster, which was marketed under the Malaysia Bid Round Plus (MBR+).
Situated off the coast of Sabah, the NBE Cluster which consists of Nosong, Bongawan North and Epidot fields, is a predominantly gas discovery cluster. A comparable field is Samarang, a mature field located 25 km south of Nosong that has demonstrated proven production deliverability.
