Malaysia’s Petronas awards six offshore blocks

Malaysia’s Petronas awards six offshore blocks

KUALA LUMPUR, December 23, 2021 – Petronas has awarded six of the thirteen offshore blocks up for offer in its recently concluded Malaysia Bid Round 2021, the Malaysian NOC announced on Wednesday.

 

Blocks SB412, 2W, X, SK427, SK439 and SK440 have been awarded to new and old players. The exact E&P companies involved were not disclosed.

The agreements are subject to production sharing contracts that are expected to be signed by Q1 2022.

The bidding round was launched virtually on February 26, 2021.

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