KUALA LUMPUR, Aug 30 (Bernama) — PETRONAS has signed two new Small Field Asset (SFA) Production Sharing Contracts (PSCs) with Rex International Holding Limited (Rex) and Duta Marine Sdn Bhd (Duta Marine) for the Rhu-Ara and Diwangsa clusters offshore Peninsular Malaysia.
The award of these PSCs marks Rex’s maiden entry into Malaysia’s upstream industry, in partnership with local company Duta Marine. Rex holds 95 per cent participating interest with Duta Marine holding the remaining five per cent in both PSCs. Rex brings to the table significant operating experience and expertise in developing and producing small oil fields in the Middle East as well as participation in joint ventures in the North Sea.
- Three Kurdish Security Personnel Injured In Unknown Drone Attack In N. Iraq
- Trump’s Call For Free U.S. Passage Through Suez Canal Sparks Outcry In Egypt
- At Least 30 African Migrants Killed In U.S. Airstrikes On Detention Centre In N. Yemen: Houthis
- 43 More Palestinians Murdered In Israeli Attacks Across Gaza Yesterday; Total Deaths: 52,243 – Civil Defence
- G20 supports plans to address barriers to Africa’s development
- 21 Terrorists Killed In Western Mali: Army
- Trump’s Approval Rating Hits Lowest Level In 80 Years
- Iran Says Uranium Enrichment, Sanctions Relief Non-Negotiable Demands In Talks With U.S.
- Election Pledges Putting Australia’s AAA Credit Rating At Risk: S&P
- Lee Jae-myung Elected Presidential Candidate For S. Korea’s Democratic Party