DNeX inks two production sharing contracts with PETRONAS

KUALA LUMPUR: Dagang Nexchange Bhd’s (DNeX) subsidiary, Ping Petroleum Sdn Bhd (PPSB), has signed two production sharing contracts (PSCs) with Petroliam Nasional Bhd (PETRONAS) for discovered oil and gas resources in Malaysia.

In a statement, the group said the first PSC is for the development and production of oil and gas resources in the Meranti cluster located 80km offshore Kuala Terengganu.

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DNeX , PETRONAS , Duta Marine , production , Meranti cluster

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