Dnex, Hibiscus to gain on production sharing

KUALA LUMPUR: Petroliam Nasional Bhd’s recent production sharing-contracts (PSCs) are not expected to have a material impact yet on on both Dagang Nexchange Bhd (Dnex) and Hibiscus Petroleum Bhd in the near term, until there are further developments.

Both Dnex and Hibiscus were among the winners of PSCs for three clusters of discovered resource opportunities (DROs) under the first round of Malaysia Bid Round Plus (MBR+) .