KUALA LUMPUR, June 17 (Xinhua) -- Malaysia's state-owned oil and gas firm Petroliam Nasional Bhd (Petronas) and French energy firm TotalEnergies have signed a strategic cooperation agreement and two farm-out agreements to broaden upstream collaboration in Malaysia, while making progress on their international partnership under the Bobara production sharing contract in Indonesia.
Petronas said in a statement on Monday that the agreements build on a longstanding partnership between the two companies, with the strategic cooperation agreement outlining potential opportunities both internationally and domestically in strategic areas that cover exploration and production, gas and liquefied natural gas, carbon footprint reduction and cooperation.
For Malaysia, Petronas, through its wholly-owned subsidiary, Petronas Carigali Sdn Bhd, and TotalEnergies EP Malaysia will jointly explore several offshore exploration blocks across the country's most prospective hydrocarbon basins.
Meanwhile, in Indonesia, Petronas, through its wholly-owned subsidiary, Petronas Energy Bobara Sdn Bhd, and TotalEnergies have successfully finalized the terms of an FOA for the Bobara PSC. This collaboration aims to leverage the combined expertise of both companies to unlock a new hydrocarbon resource in Bobara, a frontier ultra-deepwater block located in the Eastern Indonesia region. ■
