Malaysia is set to award up to nine exploration blocks later this month as investors line up to probe the country’s waters.
ExxonMobil is widely expected to pick up deepwater acreage off the state of Sabah, which would be its first foray outside Peninsular Malaysia, industry observers have said.
Malaysia Petroleum Management (MPM), the agency that runs the country’s licensing rounds on behalf of Petronas, has put a lot of effort into Sabah. Three contiguous deepwater blocks – OB7-01, OB7-02 and OB15-00 – have been made available....
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