Petronas has awarded Block SB405, off the coast of Sabah, offshore Malaysia, to ConocoPhillips East Malaysia (Copem), a subsidiary of ConocoPhillips and PETRONAS Carigali (PCSB).
Copem is the operator for Block SB405 PSC, with a participating interest of 85 per cent, while PCSB holds the remaining 15 per cent.
SB405 is the new addition to COPEM’s existing interests in five PSCs in Malaysia, which are Block J, G and Kebabangan located off the coast of Sabah and SK304 and WL4-00 located off the coast of Sarawak.
Block SB405 is located in the North East Sabah basin, off the coast of Sandakan, with an area size of 5,857 sq kilometres and in water depth of up to 100 metres.