KUALA LUMPUR: London-based EnQuest PLC has been awarded a production sharing contract (PSC) from Petroliam Nasional Bhd for Block PM409 offshore Peninsular Malaysia under an initial four-year exploration term.
According to a statement posted on its website on Wednesday, EnQuest said it would operate the block with a participating interest of 85% while Petronas Carigali Sdn Bhd will own the remaining 15%.
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