Kangsar field included in updated Hess-Petronas Carigali JV deal


KUALA LUMPUR: Hess Malaysia and Petronas Carigali Sdn Bhd have successfully concluded negotiations with Petroliam Nasional Bhd to include the Kangsar field following the amendments to the upstream gas sales agreement (UGSA) of the PM302 production sharing contract (PSC).

In a statement issued on Monday, Hess said the amendment will include the sale and purchase of gas produced from the Kangsar field as well as gas produced from any future PM325 PSC field, under the existing UGSA terms.

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