Petronas subsidiary wins Sepia field in Brazil bid

Petronas is extremely encouraged with the outcome of the bid round which marks our entry into the Santos Basin, Bernama quoted Petronas president and group chief executive officer Datuk Tengku Muhammad Taufik pic) as saying.

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will be strengthening its presence in Brazil after winning a bid for a field in the Santos Basin through its subsidiary.

Bernama reported that Petronas Petroleo Brasil Ltda (PPBL), a subsidiary of the national oil and gas company, and its consortium partners have won the Sepia field, located in the Santos Basin, during Brazil’s second transfer of rights surplus volume bidding round held in Rio de Janeiro.