PETALING JAYA: Petroliam Nasional Bhd (Petronas) has awarded a production sharing contract (PSC) to Salamander Energy Malaysia Ltd in the busy Straits of Malacca, which is a relatively unconventional place to look for oil.
This is the first exploration acreage in the Straits to have been awarded by Petronas since 1992. Only six wells had been drilled in that area.
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