Petronas signs sharing agreement with Indonesia and Vietnam


Petronas Bhd has yesterday signed a production sharing contract (PSC) with Indonesia’s Pertamina and PetroVietnam to jointly explore and develop hydrocarbon resources in Block SK305, offshore Sarawak. 

The signing has further enhanced the alliance under the Tripartite Cooperation Arrangement between the three Asean national oil companies, Petronas said in a statement. 

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