PTTEP Awarded Offshore Exploration Block SB412 in Malaysia

Source: www.gulfoilandgas.com 3/25/2022, Location: Asia

Mr. Montri Rawanchaikul (3rd left), Chief Executive Officer, PTT Exploration and Production Public Company Limited (PTTEP), and Mr. Adif Zulkifli (4th right), Executive Vice President and CEO Upstream, PETRONAS, presided over the Production Sharing Contract (PSC) signing ceremony for the offshore exploration Block SB412. The PSC was signed by Mr. Mohamed Firouz Asnan (4th left), Senior Vice President, Malaysia Petroleum Management (MPM), PETRONAS; Mr. Piya Sukhumpanumet (2nd right), Executive Vice President, Geosciences, Subsurface, and Exploration Group, PTTEP; Mr. Nirandorn Rojanasomsith (3rd right), Executive Vice President, Production Asset Group, PTTEP; Mr. Muhammad Zamri Jusoh (2nd left), Chief Executive Officer, SapuraOMV Upstream; Mr. Shahriman Johan Noor (far left), General Counsel of Malaysia Petroleum Management, PETRONAS; and Mr. Solphiee Salmat (far right), Head Legal & Compliance, SapuraOMV Upstream (Malaysia). The ceremony was organized in Kuala Lumpur, Malaysia.

PTTEP, through its subsidiary, PTTEP HKO, and its partner, SapuraOMV, have been awarded the exploration Block SB412 by PETRONAS. This award is an outcome of the partnership’s successful bidding in the Malaysia Bid Round (MBR) 2021 that was hosted by the Malaysia Petroleum Management (MPM), PETRONAS, and is aligned with PTTEP’s investment strategy, driving growth in strategic focus areas and reinforcing the company’s presence in Malaysia.


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