KUALA LUMPUR: PETRONAS Carigali Sdn Bhd, a wholly-owned subsidiary of PETRONAS, has signed a memorandum of understanding (MoU) and two technical assistance agreements (TAAs) with PTT Exploration and Production (PTTEP).
The MoU is in relation to the development of PTTEP-operated Blocks SK405B and SK410B located off the coast of Sarawak, offshore Malaysia.
In a statement, PETRONAS Carigali said the MoU covers the scope of potential evacuation of production from Block SK405B through D35/D21/J4 Production Sharing Contract (PSC) facilities, Post 1976 Balingian PSC facilities and Bintulu Crude Oil Terminal operated by PETRONAS Carigali.
It said the first TAA covers the study and design works for Block SK405B fields into the same PETRONAS Carigali-operated facilities.
The second TAA is for the assistance of engineering design for the potential construction, tie-in works, pipeline and cable crossings of Block SK410B for Lang Lebah’s gas evacuation to the Bintulu Additional Gas Supply Facilities 2, as well as for the potential production and handling of Lang Lebah’s condensate at the Bintulu Integrated Facilities.
PTTEP holds 49.5% participating interest in Block SK405B PSC, with MOECO Oil (Sarawak) Sdn Bhd and PETRONAS Carigali holding 25.5% and 25% respectively.
For Block SK410B PSC, PTTEP and Kuwait Foreign Petroleum Exploration Company each hold 42.5% interest with the remaining 15% held by PETRONAS Carigali.
