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GDF Suez SA Receives Exploration and Production License in Malaysia in Consortium with JX Nippon Oil & Gas Exploration and PETRONAS Carigali Sdn Bhd

Wednesday, 18 Sep 2013 08:00pm EDT 

GDF Suez SA announced that it has jointly entered the offshore deep water exploration Block 2F in Malaysia in partnership with JX Nippon Oil & Gas Exploration (Offshore Malaysia) Sdn. Bhd. (40%), the operator of the block, and PETRONAS Carigali Sdn. Bhd. (40%). GDF Suez SA holds 20% participating interest in the license. The license has been recently awarded by Petroliam National Berhad (PETRONAS), the national oil company of Malaysia, to the consortium. This is the first GDF Suez SA exploration & production license in Malaysia. Block 2F is located in the offshore Sarawak region, North-West of Borneo island, about 300-400 kilometers off the coast of Malaysia. The license covers an area of approximately 5,500 square kilometers in water depths ranging from 100 to 1,200 meters and lies in the Rajang Delta province. The deep water exploration campaign will last four years and will notably include different types of studies to prepare the drilling of an exploration well. 

Company Quote

0.82 +4.37%
18 Dec 2014