KUALA LUMPUR (Bernama) -- Petroliam Nasional Bhd (Petronas) has awarded a production sharing contract (PSC) for Block PM524 to POSCO International E&P Malaysia Sdn Bhd and Petronas Carigali Sdn Bhd (PCSB).
POSCO International, a wholly owned subsidiary of South Korean POSCO International Corporation, is the operator with 80% participating interest, while PCSB, Petronas’ wholly-owned subsidiary, holds the remaining 20%.
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