The production sharing contract for Block SB 312 oilfield, some 80 kilometers off the coast of
The two firms will jointly develop the oilfield estimated 2,900 square kilometers, a deal worth about 45 million U.S. dollars, Petronas said in a statement released Tuesday here.
"The minimum financial commitment for the block is 45 million U. S. dollars," the state-owned company was quoted as saying by the New Straits Times.
Kufpec is a subsidiary of Kuwait Petroleum Corp, whose oil and gas assets in
PIN/Xinhua
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