ConocoPhillips unit awarded block offshore Malaysia

ConocoPhillips East Malaysia Ltd. (COPEM), a subsidiary of ConocoPhillips and Petronas Carigali Sdn. Bhd. (PCSB), has been awarded Block SB405 by Petronas in North East Sabah basin, off the coast of Sandakan, Sabah, Malaysia.

The block covers 5,857 sq km in 100 m of water. Its award is expected to bolster exploration off the coast of Sabah which has proven working petroleum systems such as Kuda Terbang and Nymphe fields.

SB405 is a new addition to COPEM’s existing interests in five production sharing contracts in Malaysia: Block J, G and Kebabangan off the coast of Sabah, and SK304 and WL4-00 off the coast of Sarawak.

COPEM is operator of Block SB405 PSC with 85% interest. PCSB holds the remaining 15%.