Dnex sub-unit bags PETRONAS production sharing contract

KUALA LUMPUR: Dagang Nexchange Bhd (Dnex) said Ping Petroleum Sdn Bhd, a unit of its energy fivision, has secured an award from Petroliam Nasional Bhd (PETRONAS) in relation to a small field asset cluster production sharing contract, which consists of the Bubu, Bunga Tasbih and Enau fields.

In a filing with Bursa Malaysia, the group said the tenure of the production sharing contract is 14 years from July 1, 2024.