KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS), through Malaysia Petroleum Management (MPM), has awarded the Estuary Cluster production sharing contract (PSC) and handed over enhanced seismic data for the Mutiara Cluster to two companies.
In a statement yesterday, PETRONAS said MPM awarded the small field asset PSC for the Estuary Cluster to Harvester Energy (Malaysia) Sdn Bhd, a wholly owned subsidiary of Australia-based Harvester Energy Pty Ltd.
The Estuary Cluster comprises the Lerek, Korbu and Diwangsa fields in the Malay Basin, offshore Peninsular Malaysia. It is expected to unlock marginal oil resources through a technology-led development using a shallow-water subsea approach.
MPM senior vice-president Datuk Dr Bacho Pilong said the award reflected PETRONAS’ efforts to unlock Malaysia’s discovered resources through innovative and suitable development solutions.
Meanwhile, MPM has handed an enhanced 3D seismic dataset to Dialog Resources Sdn Bhd for the Mutiara Cluster off Sabah’s east coast.
Bacho said the improved data would help Dialog better assess the cluster’s resources and support East Sabah’s long-term energy security.
The Mutiara Cluster comprises five discovered marginal oil and gas fields — Nymphe, Nymphe North, Kuda Terbang, Benrinnes and Mutiara Hitam.
Awarded to Dialog under an SFA PSC during the Malaysia Bid Round 2025, the cluster is targeting first production by 2029. – BERNAMA
