KUALA LUMPUR (Bernama) -- Petroliam Nasional Bhd (Petronas) inked two new small field asset (SFA) production sharing contracts (PSC) with Rex International Holding Ltd (Rex) and Duta Marine Sdn Bhd (Duta Marine) for the Rhu-Ara and Diwangsa clusters offshore Peninsular Malaysia. The national oil company said the award of these PSCs marked Rex International’s maiden entry into Malaysia’s upstream industry, in partnership with local company Duta Marine. "Both clusters are now primed for development under the SFA PSC terms which incorporates a simplified fiscal model and governance process,” it said. "We are pleased to see that the SFA terms have become more attractive to the investors, thus validating the efforts taken to turn Malaysia into a growth hub for the investors,” he added. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights
