Petronas, through Malaysia Petroleum Management (MPM), completed the transfer of operatorship for the Kebabangan Cluster Production Sharing Contract (KBBC PSC) to ConocoPhillips Sabah Gas Ltd., making ConocoPhillips’ subsidiary the sole operator of the PSC.
The KBBC PSC was previously operated by Kebabangan Petroleum Operating Company (KPOC), a joint operating company of Petronas Carigali, Shell Energy Asia Limited, and ConocoPhillips Sabah Gas Ltd.
With an export capacity of up to 750 million standard cubic feet of gas per day (MMscfd), the continuation of the KBBC PSC and other commercial agreements have been structured to ensure future gas field developments remain economically attractive in supporting Sabah’s energy security requirements.
Courtesy of Petronas.