PETROLIAM Nasional Bhd has yesterday signed 2 production sharing contracts (PSCs) with Newfield Exploration Company of the US and Petronas Carigali Sdn Bhd for block PM318 offshore Peninsular Malaysia and deepwater block 2C offshore Sarawak.
Petronas said block PM318 covered about 1,600 sq km and was situated about 300km offshore Kertih in water depths ranging from 60 to 80 metres.
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