28 March 2024
Petronas signs three PSCs for North Malay Basin project
Publication date: 21 June 2012
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Malaysia’s Petronas on Thursday announced the signing of three production sharing contracts (PSCs) with US company Hess for the development of the North Malay Basin project, in which they will invest $5.visual_editor billion over the next five years. The project will see the development of nine stranded gas fields with the aim of commercialising around 1.7 Tcf of gas reserves.