PETALING JAYA: Petroliam Nasional Bhd (Petronas) and Shell Malaysia have signed a heads of agreement for two 30-year production-sharing contracts (PSCs) for enhanced oil recovery (EOR) projects offshore Sarawak and Sabah.
The agreement would see staged work activities and new investments by Shell and its joint-venture partner, Petronas Carigali Sdn Bhd, to extend the life and increase the recovery factor of the Baram Delta (BDO) and North Sabah fields, Shell Malaysia said in a statement.
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