PETRONAS, through its Malaysia Petroleum Management (MPM) division, has awarded a significant Production Sharing Contract (PSC) to Vestigo Petroleum Sdn Bhd for the development of the NBE Cluster, consisting of the Nosong, Bongawan North, and Epidot fields, located off the coast of Sabah. This PSC, the first of its kind under the Malaysia Bid Round […]
Malaysian oil and gas company, PETRONAS, has awarded Vestigo Petroleum Sdn. Bhd. the South East Collins Cluster Production Sharing Contract (PSC) aimed at monetizing an array of small, discovered resource opportunities in Malaysian waters. This move aligns with PETRONAS’s strategy to exploit smaller fields which, despite their size, represent valuable assets within the country’s oil […]
