Divestments include a 40% interest in the Amended 2011 Baram Delta EOR PSC and 50% interest in the SK 307 PSC.
The Amended 2011 Baram Delta EOR PSC was signed in 2016 and consists of the Bokor, Baronia, Fairley Baram, Bakau and Siwa oil fields and Tukau Timur and Baronia gasfields.
The SK 307 PSC was signed in 1997 and contains the producing Baronia Barat oilfield.
The shares have been acquired by Petroleum Sarawak Exploration & Production, which is a fully owned subsidiary of Petroleum Sarawak, the state of Sarawak’s oil and gas company.
The remaining stakes in both fields are held by Petronas Carigali.
The sale follows regulatory approval by the Malaysian authorities.
The deal was first announced in December 2022.
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
This website uses cookies.