Rex International wins maiden Petronas production contract

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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.