Petronas Awarded Two Deepwater Blocks, Malaysia’s national upst
Petronas Awarded Two Deepwater Blocks, Malaysia’s national upstream oil and gas company, Petronas Carigali, is on the verge of awarding two major The Malaysian energy major will operate the 21,000 sq km offshore licence alongside OQEP, deepening its upstream presence in Oman. PETRONAS today awarded two Production Sharing Contracts (PSCs) for deepwater Blocks L and M offshore Malaysia to Murphy Oil Corporation and PETRONAS Carigali Sdn Bhd. , Ltd, … Two contractors are going head-to-head to win a prized contract to supply a leased floating production, storage and offloading (FPSO) vessel for Petronas Carigali’s Kelidang ultra-deepwater TOKYO, JAPAN - INPEX CORPORATION (INPEX) announced today that it has jointly been awarded Blocks SB306A and SB306B as part of Malaysia Bid Round 2024 hosted by Petroliam Nasional Berhad (PETRONAS) through Malaysia Petroleum Management (“MPM”). The awarded PSCs cover nine fields and one Petronas has become the first global energy company to own and operate two floating LNG production facilities. Oil was discovered in Ruby field, in Block 1 and 2, Vietnam. Block SB 2K, with depth up to 3,000 metres, covering 1,952 sq km is located in PCBL holds interest in two areas in the South China Sea, Block CA1 (5%) and Block CA2 (45%) of which PCBL is the operator. PETALING JAYA: Petroliam Nasional Bhd (Petronas) awarded two deepwater exploration blocks on Sabah’s offshore to partnerships between JX Nippon, INPEX Corp and Petronas Carigali Sdn Bhd under Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners. The two blocks are situated in water depths ranging from 1,600 to 2,800 metres, about 175km from Kota Kinabalu. First of Petronas' five LNG tankers, Puteri Intan was delivered. On 15 February 2005, Petronas awarded two Production Sharing Contracts (PCS) to Shell and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks ND6 (formerly Block Y) and ND7 (formerly Block Z) off the east coast of Sabah, encroaching into Indonesian-claimed Ambalat. The PFLNG DUA loaded its first shipment on an LNG carrier bound for Thailand. The partners will drill a minimum of two wildcat wells in the block to a minimum depth of 6,000 metres and to reimburse PETRONAS a total of US$7. Malaysia’s national upstream giant Petronas Carigali has set the tender ball rolling for a sizeable floating production, storage and offloading vessel to exploit its Kelidang ultra-deepwater gas Thailand’s national upstream company PTTEP has launched two key tenders for the next development phase at its deepwater Block H production sharing contract offshore Sabah, East Malaysia. Kelidang Cluster is a conventional gas development located in ultra-deepwater in Brunei and is operated by Petronas Carigali Brunei. Block 4 has been awarded to a 50:50 partnership between PC Carigali Mexico Operations, S. Jun 19, 2025 路 Malaysia's national upstream company Petronas Carigali is poised to award two prized offshore contracts for the Kelidang ultra-deepwater gas project offshore Brunei Darussalam. Two contractors are going head-to-head to win a prized contract to supply a leased floating production, storage and offloading (FPSO) vessel for Petronas Carigali’s Kelidang ultra-deepwater KUALA LUMPUR, 4 December 2024 – PETRONAS, through Malaysia Petroleum Management (MPM), has announced the awarding of Production Sharing Contracts (PSCs) for three Discovered Resource Opportunities (DRO) Clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, which was launched earlier this year. PETALING JAYA: Petroliam Nasional Bhd (Petronas) last Friday confirmed that it has been awarded deepwater Block 4 and Block 5 in the Gulf of Mexico’s Salina Basin, following Mexico’s first ever auction of its deepwater exploration areas. Success in Block 18 could expand Oman’s offshore production base, which is currently dominated by established onshore and shallow-water fields. 5 million for the new 3D seismic data that PETRONAS acquired for the block. 1994 Marketing arm Petronas Dagangan Bhd became the first subsidiary listed on the Kuala Lumpur Stock Exchange (KLSE). PETRONAS today awarded two Production Sharing Contracts to Shell and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks ND6 and ND7 offshore the east coast of Sabah. Under the terms of the PSCs, Murphy Sabah Oil Co. [Upstream] Malaysia’s national energy company Petronas has strengthened its upstream portfolio with the award of the Block 18 exploration area offshore Oman. KUALA LUMPUR, 15 February 2023 – PETRONAS today launched the Malaysia Bid Round 2023 (MBR 2023), offering 10 exploration blocks and two clusters of Discovered Resource Opportunities (DRO). The award was partly included in Fugro’s 12-month backlog in the company’s financial report from the end of September 2022. Since then, a total of 151 PSCs have been awarded to oil and gas upstream players. Petronas expands Oman footprint with Block 18 award. . Discover the key milestones, engineering scope, and future prospects of FPSO Kaminho (formerly Cameia-Golfinho) - TotalEnergies’ flagship deepwater project in Angola’s Kwanza Basin. Deepwater Block 2C will be operated by Newfield Sarawak. , … PETRONAS today awarded two Production Sharing Contracts to Shell and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks ND6 and ND7 offshore the east coast of Sabah. deepwater, NEWS, PC Oman Ventures, Petronas. In February 1991, Petronas announced its intent to begin oil and gas exploration in deepwater offshores while citing that "most shallow areas have been taken up". Petronas Poised to Dish Out Key Contracts for Ultra-Deepwater Asian Project. Industry heavyweights BP, Petronas and Inpex are among the latest winners of exploration acreage in Indonesia, five blocks that were offered via direct bidding in the 2024 Phase 2 licensing round. According to Natural Resources Minister, Vickram Bharrat, the signing bonuses include payments of US$10 million for shallow water blocks and US$20 million for deepwater blocks. [80][81 Guyana is set to receive US$100 million in signing bonuses from the companies that were awarded eight prime offshore blocks. Dec 13, 2016 路 PETRONAS has confirmed that it has been awarded deep water Block 4 and Block 5 in the Gulf of Mexico’s Salina Basin, following Mexico’s first ever auction of its deep water exploration areas. , Ltd and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Block P, a newly re-demarcated exploration area offshore Sabah. News. The adjoining deepwater Blocks L and M are located in water depths ranging from 1,000 to 2,500 metres and are adjacent to the deepwater Block K awarded to Murphy and PETRONAS Carigali in 1999, where a significant oil discovery at the Kikeh field was recently made. Under the terms of the PSCs, Murphy Sabah Oil Co. PETRONAS today awarded a Production Sharing Contract to Murphy Sabah Oil Co. (PETRONAS Mexico), a wholly owned subsidiary of PETRONAS, and Sierra Oil & Gas PETRONAS today awarded two Production Sharing Contracts (PSCs) for deepwater Blocks L and M offshore Malaysia to Murphy Oil Corporation and PETRONAS Carigali Sdn Bhd. 3 billion worth of capital investment to the country in the form of exploration work activities. (PCCMO) announced two deepwater oil discoveries in Mexico from the Polok-1 and Chinwol-1 exploration wells in Block 29, located in the Salina Basin, offshore Mexico. Indonesia's state energy company Pertamina, through its upstream unit, has acquired a 24. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Kelidang Cluster was discovered in 2013, lies in block Block CA 2, with water depth of around 8,531 feet. 5 per cent participating interest in the offshore, ultra-deepwater Bobara block in the Papua region from Malaysia's Petronas, Pertamina said in a statement on Monday. TotalEnergies as operator awarded a contract to US company PETRONAS today awarded two Production Sharing Contracts (PSCs) to BHP Billiton Petroleum Sabah Corporation (BHPB) and PETRONAS Carigali Sdn Bhd for the ultra-deepwater Blocks N and Q, offshore Sabah. Kuala Lumpur, 5 May 2020 – PETRONAS through its subsidiary, PC Carigali Mexico Operations S. 馃嚥馃嚲馃嚙馃嚦 Two contractors are vying for a contract to supply a leased floating production, storage, and offloading (FPSO) vessel for Petronas Carigali’s Kelidang ultra-deepwater gas December 9, 2016 – PETRONAS has confirmed that it has been awarded deep water Block 4 and Block 5 in the Gulf of Mexico’s Salina Basin, following Mexico’s first ever auction of its deep water exploration areas. The two blocks which are the main cause of the conflict are ND6 Block covers an area of about 8,700 square km, where partners Malaysia’s national energy company Petronas has strengthened its upstream portfolio with the award of the Block 18 exploration area offshore Oman. BMI said that from 2021 to 2023, over 10 deepwater blocks were offered through Malaysia's petroleum bidding rounds, with seven blocks awarded to consortia of foreign and local companies. The two blocks are in 200-4,000 m of water in the Tarakan basin, between 100 km and 180 km southeast of Tawau. A. A minimum financial commitment for the block is US$28 million. PCGUSA, as operator, holds 100% participating interest in Blocks F12, F13 and F14 Malaysia’s national energy behemoth Petronas has awarded production sharing contracts (PSCs) for six exploration blocks and one discovered resource opportunities (DRO) cluster, which were Industry heavyweights BP, Petronas and Inpex are among the latest winners of exploration acreage in Indonesia, five blocks that were offered via direct bidding in the 2024 Phase 2 licensing round. This Kuala Lumpur, 16 February 2021 – PETRONAS confirms first gas production from the Rotan and Buluh fields in Block H, off the coast of Sabah, offshore Malaysia, on 6 February 2021, augmenting Malaysia’s petroleum investment potential. KUALA LUMPUR, 23 January 2024 – PETRONAS today awarded Production Sharing Contracts (PSCs) for six exploration blocks and one Discovered Resource Opportunities (DRO) cluster marketed under the Malaysia Bid Round 2023 (MBR 2023), expected to garner more than RM1. de C. (PCGUSA), currently holds interest in Block F12, Block F13 and Block F14. The partnership of TotalEnergies and Petronas has secured a deepwater drilling unit for a frontier exploration well in Papua New Guinea. Themed “Winning the Energy Transition with our Advantaged Energy”, MBR 2023 saw the participation of more than 50 oil and gas companies, as well as government agencies, foreign trade attachés and Petronas, via Malaysia Petroleum Management, has awarded production sharing contracts (PSCs) under the Malaysia Bid Round 2024, opened earlier this year. Subscribe Rigs and Vessels Petronas pounces on Velesto rig for Indonesia gig Jack-up rig Naga 8 to drill at least 12 PETRONAS馃嚥馃嚲 joins forces with OQ to secure Offshore Block 18 from the Government of the Sultanate of Oman 馃嚧馃嚥— and this one is #STRATEGIC. Malaysian state-owned oil firm Petroliam Nasional Bhd on Friday confirmed that its consortiums have been awarded two blocks in Mexico's deep water oil and gas blocks auction. Petronas pounces on Velesto rig for Indonesia gig. December 9, 2016- PETRONAS has confirmed that it has been awarded deep water Block 4 and Block 5 in the Gulf of Mexico's Salina Basin, following Mexico's first ever auction of its deep water exploration areas. The Block 4 was awarded to a joint venture of the company's wholly owned subsidiary PC Carigali Mexico Operations (Petronas Mexico) and Sierra Oil & Gas, Petronas said in a statement. Oman’s offshore track record includes Block 52, a 90,000 sq km deepwater concession awarded in 2017 to Eni, with partners Qatar Petroleum and OOCEP. [78][79] In August the same year, Petronas began to sending two cargoes of its new Dulang crude oil for spot processing in China and Singapore to ensure its good quality. Other Recent PSC Awards Prior to the signing of PM322 PSC, PETRONAS recently awarded three other PSCs, respectively for Deepwater Blocks 2F, 3F and 3E. PETALING JAYA: Petroliam Nasional Bhd (Petronas) awarded two deepwater exploration blocks on Sabah’s offshore to partnerships between JX Nippon, INPEX Corp and Petronas Carigali Sdn Bhd under separate production sharing contracts (PSC). The PSCs mark the seventh and eighth Malaysian blocks awarded to Murphy, a US-based independent oil and gas exploration company. V. December 9, 2016 – PETRONAS has confirmed that it has been awarded deep water Block 4 and Block 5 in the Gulf of Mexico’s Salina Basin, following Mexico’s first ever auction of its deep water exploration areas. Mar 1, 2005 路 Petronas has awarded two production sharing contracts to Shell and Petronas Carigali Sdn Bhd for the ultra-deepwater blocks ND6 and ND7 offshore the east coast of Sabah. The Lang Lebah gas field, located in block SK410B close to Sarawak, Malaysia, is expected to come on stream in 2027. The PSC system in Malaysia was introduced in 1976, two years after the incorporation of PETRONAS. upstreamonline 23 May 2025. 9 that its consortiums have been awarded two blocks in Mexico's Gulf of Mexico (GoM) deepwater oil and gas blocks auction. Petronas is also stepping up promotion of its 2021 licensing round for new fields. Under the Malaysia Bid Round (MBR) 2023, Petroliam Nasional Bhd (Petronas) has awarded seven new production-sharing contracts (PSCs) to various oil and gas (O&G) players for exploration blocks offshore Peninsular Malaysia and Sarawak, and a discovery resource opportunities (DRO) cluster off the coast of Sabah. Petronas Melaka Refinery with 100,000 bpd capacity began operation. , Ltd, … PETRONAS today awarded two Production Sharing Contracts (PSCs) for deepwater Blocks L and M offshore Malaysia to Murphy Oil Corporation and PETRONAS Carigali Sdn Bhd. Jun 17, 2025 路 The PSC includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with PETRONAS’ existing operations in Suriname. The two players are also partners in blocks SB403 PSC, SB306A PSC and SB306B PSC to progress the shared ambitions set out in the commercial collaboration agreement (CCA) signed between the Sabah state government and Petronas in December 2021. The two blocks are situated in water depths ranging from 200 to 4,000 metres in the Tarakan Basin, between 100km and 180km southeast of Tawau. PETRONAS through its subsidiary, PC Gabon Upstream S. (PETRONAS […] PETRONAS, together with joint venture partner Chevron, has been awarded a deepwater exploration block offshore Vietnam, the company’s first deepwater acreage in the country. Kelidang Cluster is an ultra-deepwater conventional gas development located offshore Brunei and consists of two fields: Keratau and Kelidang North-East. PTTEP Sabah Oil Limited, a subsidiary of PTT Exploration and Production Public Company Limited (PTTEP) is the operator for Block H, partnering with PT . 馃幆 This isn’t just another concession Petronas plans to lift exploration, deepwater development, and enhanced oil recovery through 2028 to keep Malaysia’s oil and gas output steady at ~2 million boepd. Malaysian state oil and gas company Petronas has awarded two production-sharing contracts to Shell and Petronas Carigali Sdn Bhd for the ultra-deepwater Blocks ND6 and ND7 off the east coast of Sabah. Dec 9, 2016 路 Malaysia's Petronas confirmed on Dec. KUALA LUMPUR (Jan 17): Petroliam Nasional Bhd has awarded two deepwater exploration blocks offshore Sabah under separate production sharing contracts (PSC). KUALA LUMPUR, 13 October 2022 – PETRONAS has signed a Production Sharing Contract (PSC) with TotalEnergies EP Malaysia (TE), PETRONAS Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Company Limited (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Block 2K, an ultra-deepwater block located off the coast of Sabah. styaj, v2y6dl, 6tjl, iqn6y, jorsh, vbtxva, w0fj3, e43o8, wjdi, ifrozw,