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Petronas and Brunei Petroleum authorities sign agreements for mutual benefit


Published Dec 10, 2013
PETRONAS-2

PETRONAS is pleased to announce a number of agreements that have been signed with the Brunei petroleum authorities towards deepening mutually beneficial cooperation in the oil and gas industry between the two parties.

These agreements, inked on 8 December 2013 in conjunction with the 17th Annual Malaysia-Brunei Leaders' Consultation held in Bandar Seri Begawan, include the following:

◾ A Head of Agreement (HOA) towards formalising a unitisation arrangement for Malaysia's Kinabalu West NAG field and Brunei's Maharajalela North Panel field ◾ A Head of Agreement towards a provisional arrangement for joint development of Malaysia's Gumusut/Kakap field and Brunei's Geronggong/Jagus-East field ◾ Two Production Sharing Agreements (PSAs) awarded by PetroleumBRUNEI to PETRONAS Carigali Brunei Ltd and Shell Deepwater Borneo Ltd for Brunei's offshore Blocks N and Q ◾ An agreement for PetroleumBRUNEI to acquire an interest in PETRONAS' Canadian shale gas asset and in PETRONAS' proposed Canadian LNG facility, as well as a share of the facility's LNG production ◾ A Memorandum of Understanding (MOU) between Malaysia Marine and Heavy Engineering Sdn Bhd with PB Services Sdn Bhd towards a possible joint venture for the provision of engineering and fabrication services

Tags: Brunei Petroleum, PETRONAS




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