NBE Cluster off Sabah to Vestigo Petroleum
PETRONAS awarded a Small Field Asset (SFA) Production Sharing Contract (PSC) for the NBE Cluster off Sabah to Vestigo Petroleum. The cluster includes the Nosong, Bongawan North, and Epidot (NBE) fields, focusing on gas discoveries.
This marks the first PSC awarded under the Malaysia Bid Round Plus (MBR+), enhancing investment in Malaysia’s oil and gas industry. The Sabah government supports such developments, aiming to boost local participation in the sector.