ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says

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ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says - Channel News Asia

Quick Summary:

Malaysia's Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm ConocoPhillips.

The project has an export capacity of up to 750 million standard cubic feet of gas per day, Petronas said.

The deal, which transfers the operatorship of the field solely to ConocoPhillips Sabah Gas, allows operations set to support energy security until 2050.