Petronas and PTT units secure PSC approval for gas block
Petronas said its unit and subsidiaries of Thailand’s PTT secured approvals from both governments for a new production sharing contract for a major gas-producing block in their joint development area.
Malaysian state energy firm Petronas said on Monday that its unit, together with subsidiaries of Thailand's PTT SET:PTT, has secured approval from both governments for a new production sharing contract (PSC) covering a major gas-producing block in their joint development area. The approval comes as Asian gas…