Eni Discovers Up to 1 Tcf of Natural Gas Offshore Indonesia

• Wednesday, 10th December 2025
• by Fatma Ahmed

Eni has confirmed a significant natural gas discovery at the Konta-1 exploration well in the Muara Bakau Production Sharing Contract (PSC), located approximately 50 kilometers offshore East Kalimantan in IndonesiaR...

PETRONAS Carigali, SMJ Sdn Bhd Ink FOA  

• Wednesday, 5th April 2023
• by Israa Ibrahim

PETRONAS Carigali Sdn Bhd and SMJ Sdn Bhd have signed a Farm Out Agreement (FOA) for the transaction of 50% of PCSB’s non-operating participating interest in the Samarang Production Sharing Contract (PSC). The FOA is ...

PETRONAS Inks PSC with TotalEnergies, Shell Through New PSC

• Thursday, 13th October 2022
• by Israa Ibrahim

PETRONAS has inked a production sharing contract (PSC) with TotalEnergies EP Malaysia (TE), PETRONAS Carigali Sdn Bhd (PCSB), Sabah Shell Petroleum Company Limited (SSPC) and Shell Sabah Selatan Sdn Bhd (SSS) for Bloc...

Shell Signs PSC to Acquire 25% of Atapu Field

• Friday, 29th April 2022
• by Fatma Ahmed

Shell Brasil Petróleo Ltda.(Shell Brasil), a subsidiary of Shell plc, has signed the production sharing contract (PSC) with Petrobras to acquire a 25 % stake of the Atapu field. Shell said that the transaction worth i...

TotalEnergies Wins PSC for Two Pre-Salt Oil Fields in Brazil

• Sunday, 19th December 2021
• by Fatma Ahmed

TotalEnergies along with its co-venturers announced that it has won production sharing contracts (PSC) for the Brazilian Atapu and Sépia pre-salt oil fields, the company said in a statement. It elaborated that the PSC...

PETRONAS Signs Two PSCs with Rex, Duta Marine

• Tuesday, 31st August 2021
• by Fatma Ahmed

PETRONAS company announced that it has signed two new small field asset (SFA) production sharing contracts (PSCs) with Rex International Holding Limited (Rex) and Duta Marine Sdn Bhd (Duta Marine) for the Rhu-Ara and ...

Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

• Wednesday, 5th May 2021
• by Fatma Ahmed

APA corporation announced that it has reached an agreement in principle with the Egyptian Ministry of Petroleum and Mineral Resources, and the Egyptian General Petroleum Corporation (EGPC) to modernize production shar...

PETRONAS Achieves Gas Discovery in Malaysia

• Wednesday, 24th February 2021
• by Fatma Ahmed

PETRONAS Company announced that it has achieved a natural gas discovery from Dokong- 1 exploration well in Block SK 417 which is located in the shallow waters of Baram Province at offshore Malaysia, a press release re...

Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

• Sunday, 3rd January 2021
• by Fatma Ahmed

Shell Egypt has signed production sharing contracts (PSCs) for offshore and deep-water concession of the Red Sea’s  Block 3 that covers 3,097 Km² and  the offshore North Kanayes of Herodotus Basin in the West Me...