KUALA LUMPUR, Feb 18 (Bernama) — PETRONAS, through Malaysia Petroleum Management (MPM), has successfully concluded the Malaysia Bid Round 2024 (MBR 2024) with the signing of two Production Sharing Contracts (PSCs), SB306A and SB306B, located off the coast of Sabah. The PSCs were awarded to a consortium comprising INPEX Malaysia E&P SB306A Sdn. Bhd. (INPEX), PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), and SMJ Energy Sdn. Bhd. (SMJ Energy).
This milestone brings the total to 14 new PSCs signed under MBR 2024, including MBR+, involving 12 different operators. These contracts encompass 11 Discovered Resource Opportunities (DRO) and three exploration blocks.