Rex International wins maiden Petronas production contract


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.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Petronas , Rex International

   

Next In Business News

Singapore's May exports down 0.1% y/y, better than forecast
Ringgit firmer against US$ in early trade
Foreign interest in local equities continues with RM202.4mil net purchases
FBM KLCI opens higher after long weekend break
Oil jumps, settles at highest in over a month on demand optimism
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments
Trading ideas: Hibiscus, Genting, TDM, Destini, GUH, Trive, PIE, Oriental Kopi, OSK, Tropicana, Kerjaya Prospek, PPB, Fitters and KYM
Upward earnings trend forecast for healthcare
Hyundai Motor shares rise as Indian unit files for IPO
Paytm in talks to sell movie ticketing business

Others Also Read