Petronas signs Gabon’s first exploration permits in five years

Malaysia’s state-owned oil company has signed an agreement with Gabon for two exploration permits. PETRONAS awarded sponsorships to 291 outstanding Sijil Pelajaran Malaysia achievers. PETRONAS organised the BeyondHome programme. PETRONAS refers to the announcement by Moody’s Investors Service. PETRONAS released its much-awaited Hari Kaamatan and Hari Gawai Webfilms. PETRONAS achieved its first liquefied natural gas (LNG) drop by its floating LNG facility. Company continues to embrace the spirit of Malaysia’s diversity with its latest Webfilm.

The African country enacted a new oil law last month. PETRONAS announced that it has entered into an agreement with I Squared Capital. Petroliam Nasional Berhad (PETRONAS) has awarded Block PM407 and Block PM415, approximately 160km offshore Peninsular Malaysia. The total investment for PESP in 2019, valued at about RM156 million. The effort is the latest in the Company’s series of programmes aimed at empowering local vendors. The announcement was made subsequent to the publication. The two stories emphasise the gift of life, reflecting the Anugerah Kita or blessings theme for 2019.

Petroliam Nasional Bhd, known as Petronas, already has a presence in Gabon. The one-day event, held in collaboration with Malaysia External Trade Development Corporation. It is less likely for a company to be rated two notches above sovereign. The introduction of first gas into the PFLNG Satu, achieved on 4th May 2019. PETRONAS festive Webfilms this year, invites everyone to cherish Anugerah Kita. The acquisition is expected to be completed later this month. A signing ceremony for the Production Sharing Contracts (PSC) and Joint Operating Agreement (JoA) for the Blocks.

“Despite the volatility in the global economy and depressed oil price”, PETRONAS President and Group CEO, Tan Sri Wan Zulkiflee Wan Ariffin said.

It is the first company to sign an exploration and production contract in the country in five years. Company believe in education as the vehicle to empower the communities to improve living standards. The Kaamatan Webfilm titled “Kinoulian”, which means homecoming in Dusun language. Tan Sri Wan Zulkiflee presented the sponsorships to the recipients at the award presentation ceremony in UTP. PTTEP HKO is the operator for both Blocks. The deal follows the enactment of a revised hydrocarbons code last month. This is due to the Company’s close credit linkages.

The commencement of a series of start-up activities included the cooling down of natural gas. It marks PETRONAS’ international foray into renewable energy. The sponsored students will be pursuing their Bachelor’s degree at Universiti Teknologi PETRONAS. The ratings action is also influenced by the uncertainty over the negative impact to PETRONAS. The achievement focused execution and close collaboration efforts. The Webfilm is more than just about the special Raya dish. This acquisition reflects PETRONAS strategic intent to grow in the renewable energy.

The new code is more fiscally attractive than the previous one. It may arise from the ongoing deliberation relating to the implementation of Malaysia Agreement. The participating countries were Argentina, Azerbaijan, Brunei, Indonesia, Iraq, Mexico, Myanmar, South Sudan. The story highlights that tradition and forgiveness binds families together and keeps cultures alive. This is indeed another proud moment and a great milestone for PETRONAS. This also represents first international solar venture. PETRONAS Carigali and PTTEP HKO were the Vice President of Malaysia Petroleum Management.

Gabon, a member of the Organization of Petroleum Exporting Countries relies on oil revenue. The Webfilm tells the story of a Sarawakian father embarking on a quest. Liza added that the story also reflects another blessing, the strong bond. PETRONAS is also sponsoring its first batch of Software Engineering students this year. PETRONAS’ rating of A2 is now one notch above sovereign on the back of its strong financial metrics. The Webfilm also explores the blessing of having a close-knit community. PETRONAS maintains operations or has ventured into, in terms of upstream exploration.

“This festive season, PETRONAS brings you a relatable story that many of us hold on to dearly”, PETRONAS Senior General Manager Zahariah (Liza) Abdul Rahman said.

Despite a slump in production, the country sees potential in offshore output. It was also attended by the Ambassadors of Argentina. Hari Kaamatan and Hari Gawai are celebrated for the same universal values centred on anugerah. The Webfilm is available for viewing starting from last week on various platforms. It look forward in providing energy solutions to the customers in these high growth energy markets. It despite a slump in production, the country sees potential in offshore output. The initiative, aimed at inculcating a global vision in local vendors.

PETRONAS would like to emphasise that strong fundamentals remain unchanged. It included social media channels, televisions and cinemas. PETRONAS is also working on a number of clean energy initiatives in Malaysia. The other recipients received their sponsorships at three other award presentation ceremonies. PETRONAS announced a collaboration with UiTM Holdings Sdn Bhd. Malaysia Bidding Round is an event organised by PETRONAS to market Malaysia’s acreages to existing. Gabon recently put 35 oil blocks for sale. The investment arm of Universiti Teknology Mara to jointly develop Large Scale Solar Photovoltaic Power Plants.

The deal with Petronas is for offshore blocks F12 and F13. The Government is placing substantial emphasis on the OGSE sector this year. The Kaamatan story zooms in on a small family’s struggle in overcoming a conflict in the past. Petroliam Nasional Berhad (PETRONAS) is Malaysia’s fully integrated oil and gas multinational ranked. New companies are interested in conducting exploration and production in Malaysia. PETRONAS received more than 7,300 sponsorship applications. PETRONAS has consistently maintained a conservative financial policy. Once developed, the blocks will have a production of 200,000 bpd.

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