M'sia, Brunei formalise pact to jointly develop two offshore fields

Malaysia, through its national oil company, Petroliam Nasional Bhd (Petronas), today formalised a Unitisation Agreement (UA) with Brunei for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.

The formalised UA firmly attests to the continuing collaboration between Malaysia and Brunei and establishes the platform for the joint development of the fields by Petronas and the National Unitisation Secretariat of Brunei to further...