KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has signed a production sharing contract (PSC) with TotalEnergies EP Malaysia (TE), PETRONAS Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Co Ltd (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Block 2K, an ultra-deepwater block located off the coast of Sabah.
Block SB 2K, with depth up to 3,000m and covering 1,952 sq km, is located in the prolific northwest ultra-deepwater area within a proven hydrocarbon basin with promising hydrocarbon potential, the national oil company said in a statement, Bernama reported.
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