Latest news with #TemarisCluster
Borneo Post
3 days ago
- Business
- Borneo Post
Petronas awards PSC for Temaris cluster small field asset
Bacho, (11th from left) together with representatives from Seascape Energy, Afed Texcal and Posco International, commemorating the signing of the Temaris Cluster SFA PSC and two technical evaluation agreements. KUALA LUMPUR (June 18): Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), has awarded the Temaris Cluster small field asset production sharing contract (SFA PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned subsidiary of Seascape Energy Asia plc (Seascape). Located in the Malay Basin offshore Peninsular Malaysia, the Temaris Cluster comprises the Tembakau and Mengkuang gas fields. This marks the second SFA PSC awarded from the three Discovered Resource Opportunities (DRO) clusters offered under the Malaysia Bid Round 2025 launched earlier this year. Strategically located near existing production infrastructure, the Temaris Cluster benefits from development synergies that enable, cost efficiency and accelerated monetisation of resources. MPM senior vice president, Datuk Bacho Pilong, said, 'Petronas is actively pursuing the development of Peninsular Malaysia's hydrocarbon resources. 'With an expected output of approximately 100 million standard cubic feet of gas per day (MMscfd) and first production targeted by 2029, the Temaris Cluster SFA PSC marks another milestone in our continuous efforts to support the nation's energy security while driving sustainable growth in the industry.' As the sole party to the SFA PSC, Seascape will mark its operational debut in Malaysia, affirming the country's position as a leading energy investment destination. As part of the strategic move to expand Peninsular Malaysia's hydrocarbon resources, Petronas has also signed Technical Evaluation Agreement (TEA) with Afed Texcal Energy Ventures (Afed Texcal) for Langkasuka basin in the Straits of Malacca and POSCO International (Posco) for Layang-Layang Basin off the coast of Sabah. The collaboration highlights Petronas' continued commitment to activate frontier basins and advancing exploration efforts in this promising area. Petronas remains committed to ensuring an optimal and sustainable supply of oil and gas for energy security, with MPM playing a crucial role in managing the country's petroleum resources and providing stewardship for upstream petroleum activities in Malaysia. oil and gas Petronas production sharing contract Seascape Energy Asia
New Straits Times
4 days ago
- Business
- New Straits Times
Petronas awards Temaris gas contract to support energy goals
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded the Temaris Cluster small field asset production sharing contract (PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned unit of Seascape Energy Asia plc. The contract was awarded via Malaysia Petroleum Management (MPM), Petronas' upstream resource management arm. The Temaris Cluster, located in the Malay Basin offshore Peninsular Malaysia, comprises the Tembakau and Mengkuang gas fields. In a statement today, Petronas said this is the second PSC awarded under the three discovered resource opportunities clusters offered in the Malaysia Bid Round 2025. It said the cluster is located near existing production infrastructure, enabling cost efficiencies and faster development. MPM senior vice-president Datuk Ir Bacho Pilong said the Temaris project is expected to produce about 100 million standard cubic feet of gas per day, with first production targeted in 2029. "This marks another step in supporting national energy security while enabling growth in the upstream sector," he said. Seascape will be the sole contractor under the PSC, making its operational debut in Malaysia. Separately, Petronas has signed technical evaluation agreements with AFED TEXCAL Energy Ventures for the Langkasuka Basin in the Straits of Malacca, and with POSCO International for the Layang-Layang Basin off Sabah. These efforts are part of its broader push to explore frontier basins. Petronas, through MPM, manages Malaysia's petroleum resources and oversees upstream exploration and production activities.
