Petronas, Brunei ink offshore development pacts

Offshore staff

KUALA LUMPUR, Malaysia – Petronas has signed numerous agreements with the Brunei petroleum authorities designed to further cooperation in the oil and gas sector. These agreements include:

  • A head of agreement (HOA) toward formalizing a unitization arrangement for future development of Malaysia’s Kinabalu West NAG field and Brunei’s Maharajalela North Panel field, which straddle the median lines between the two countries
  • An HOA toward a provisional production/cost-sharing arrangement for joint development of Malaysia’s Gumusut-Kakap field and Brunei’s Geronggong/Jagus-East field
  • Two 50/50 production-sharing agreements awarded by Petroleum Brunei to Petronas Carigali Brunei and Shell Deepwater Borneo for blocks N and Q in Brunei’s eastern shallow-water areas
  • A memorandum of understanding between Malaysia Marine and Heavy Engineering and PB Services over a possible 30/70 joint venture for engineering and fabrication services.

12/10/2013

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