M’sia-Brunei in joint development deal

The UA attests to the continuing collaboration between Malaysia and Brunei and establishes the platform for the joint development of the fields by Petronas and the National Unitisation Secretariat of Brunei.

KUALA LUMPUR: Malaysia, through Petroliam Nasional Bhd (Petronas has formalised a unitisation agreement (UA) with Brunei for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.

The UA attests to the continuing collaboration between Malaysia and Brunei and establishes the platform for the joint development of the fields by Petronas and the National Unitisation Secretariat of Brunei. — Bernama