Deals Counterparts

PETRONAS Carigali Sdn Bhd, KUFPEC Malaysia (SK310) Ltd.

company 1 Deal 1 Partner

Joint venture between PETRONAS Carigali Sdn Bhd and KUFPEC Malaysia, focused on the exploration, development, and production of oil and gas from the SK310 offshore block in Sarawak, Malaysia. Operates as an upstream oil and gas company.

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Founded 1997 Parent: PETRONAS (for PETRONAS Carigali Sdn Bhd), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (for KUFPEC Malaysia)
Oil & Gas CompanyOperatorDeveloperInvestor

Strategic Overview

  • Focus on maximizing value from existing upstream oil and gas assets in Malaysia.
  • Participation in joint ventures to share risks and leverage expertise in complex offshore developments.

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Deal Activity from Public Sources

Gas discovery at Sirung-1 well in Block SK310, offshore Sarawak, confirming a significant gas column in the Oligocene to Middle Miocene aged carbonate reservoirs.
Development Oil & Gas Exploration & Production Malaysia July 2019
Award of Production Sharing Contract (PSC) for Block SK310, offshore Sarawak, to PETRONAS Carigali Sdn Bhd and KUFPEC Malaysia.
Concession Oil & Gas Exploration & Production Malaysia 1997 with PETRONAS (as regulator/licensor)

Investment Focus

Technologies
Natural Gas1
Geography
Malaysia1

Track Record

2
Deals Completed
27
Years Active
Notable projects: SK310 Offshore Block Development

Detailed Analysis

Technologies
Oil & Gas Exploration & Production
Geographies
Malaysia (2 deals)
Deal Stage
OperatingBrownfieldGreenfield

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