Rex International wins maiden Petronas production contract


  • Energy
  • Monday, 30 Aug 2021

Petronas logo1

KUALA LUMPUR (Bernama) -- Petroliam Nasional Bhd (Petronas) inked two new small field asset (SFA) production sharing contracts (PSC) with Rex International Holding Ltd (Rex) and Duta Marine Sdn Bhd (Duta Marine) for the Rhu-Ara and Diwangsa clusters offshore Peninsular Malaysia.

The national oil company said the award of these PSCs marked Rex International’s maiden entry into Malaysia’s upstream industry, in partnership with local company Duta Marine.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Petronas , Rex International

   

Next In Business News

Astro revises dividend policy for FY24 onwards
Ringgit ends higher against US dollar on firmer oil prices
Puncak Niaga drops RM14bil suit against Selangor govt
Bina Darulaman to jointly pursue Solar opportunities in Malaysia
Senheng acquires central distribution centre in Klang, Selangor for RM75.8mil cash
Dialog to invest in malic acid plant in Gebeng, Kuantan
FBM KLCI under selling pressure
Indonesia may issue regulations on social media e-commerce this week
Steven Sim: Not the right time to bring back GST
Most Asian currencies subdued on Fed's hawkish rhetoric, dollar strength

Others Also Read