Petronas denies offshore gas project stake sale

Petronas denies offshore gas project stake sale
Image courtesy of Petronas

Malaysian energy giant Petronas said that recent media reports saying the company is looking to sell a $1 billion stake in the SK316 offshore gas block have been misleading.

To remind, it was reported that the company pitched a stake in the SK316 offshore block in Sarawak to potential bidders that included the likes of Royal Dutch Shell, ExxonMobil, Thailand’s PTT Exploration and Production and Japanese firms.

In its response, Petronas said “some comments were misinformed” adding that the block SK316 contains strategic, large scale proven gas discoveries and exploration prospects with some of them containing relatively higher levels of carbon dioxide (CO2) content.

The company noted that the development of the block will require specific technologies and capability to address the CO2.

Petronas is looking to explore technologies for application in the SK316 block and has already invited proposals in order to select an E&P partner for the project.

 

Share this article

Follow LNG World News

Posted on April 26, 2017 with tags .

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >