New joint venture with Petronas will seek oil and gas off Sarawak
PTT Exploration and Production Plc (PTTEP) continues to expand its reach as it seeks new sources of petroleum in Malaysia in cooperation with two Malaysian firms.
The exploration arm of the energy conglomerate PTT Plc has formed a joint venture with the Malaysian state oil and gas group Petronas and Petroleum Sarawak Exploration & Production Sdn (PSEP) to start offshore exploration in petroleum block SK325, located off the coast of Sarawak, a Malaysian state in northern Borneo.
Initial studies of subsurface data from…
