PETRONAS awards block SB311 offshore Sabah

Offshore staff

KUALA LUMPUR, Malaysia – PETRONAS has awarded the ConocoPhillips Sabah Gas Ltd./Shell Energy Asia Ltd./PETRONAS Carigali Sdn Bhd partnership a production sharing contract for block SB311 offshore Sabah.

The partners are committed to drill two wildcats, acquire new 2D seismic, and reprocess existing 3D seismic on the block.

The 1,046 sq km (404 sq mi) block is in central Sabah basin and has water depths of 50 to 100 m (164 to 328 ft).

ConocoPhillips will be operator with 40% interest while PETRONAS and Shell will each hold 30%.

For more upstream oil and gas news from Asia, click here.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...