KUALA LUMPUR, Feb 10 (Bernama) — Malaysia Petroleum Management (MPM), PETRONAS announced the award of the Production Sharing Contract (PSC) for the Permata Cluster located off the coast of Sabah, representing the successful conclusion of the three Discovered Resource Opportunities (DRO) clusters and the progression of an additional exploration block offered under the Malaysia Bid Round 2025 (MBR 2025) launched early last year.
This is a clear signal of continued investor confidence in Sabah’s upstream potential and reaffirmed its strong partnership with the Sabah State Government through a document exchange ceremony in Kuala Lumpur, witnessed by the Chief Minister of Sabah and President and Group CEO of PETRONAS.