KUALA LUMPUR: PETRONAS Carigali Sdn Bhd has entered into a farm out agreement (FOA) with Sabah state unit SMJ Sdn Bhd for the sales of the former's 50% non-participating interest in the Samarang Production Sharing Contract (PSC).
In a statement, PETRONAS said the FOA supersedes the heads of agreement signs between PETRONAS Carigali and SMJ last month.
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