KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) yesterday awarded a production sharing contract (PSC) to Shell Energy Asia Ltd, ConocoPhillips Sabah Gas Ltd and Petronas Carigali Sdn Bhd for the exploration, development and production of natural gas from the Kebabangan Cluster fields, offshore Sabah.
Under the contract, Petronas Carigali, the exploration and production arm of Petronas, has a 40% interest in the PSC while Shell Energy Asia Ltd and ConocoPhillips have a 30% stake each.
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