PETRONAS awards seven new PSCs


The contracts are expected to garner more than RM1.3bil worth of capital investment to the country in the form of exploration work activities.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has awarded production-sharing contracts (PSCs) for six exploration blocks and one discovered resource opportunities (DRO) cluster marketed under the Malaysia Bid Round 2023 (MBR 2023).

The contracts are expected to garner more than RM1.3bil worth of capital investment to the country in the form of exploration work activities.

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