Petronas has awarded Block SB405, located off the coast of Sabah, to ConocoPhillips East Malaysia Ltd (COPEM) and Petronas Carigali Sdn Bhd (PCSB), which is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the country.

COPEM is the operator for Block SB405 PSC, with a participating interest of 85%, while PCSB holds the remaining 15%. The block is located in the Northeast Sabah basin, off the coast of Sandakan, with an area size of 5,857 square kilometres and in water depth of up to 100 metres.

SB405 is the new addition to COPEM’s existing interests in five PSCs in Malaysia, which are Block J, G and Kebabangan located off the coast of Sabah, and SK304 and WL4-00 located off the coast of Sarawak.  

KeyFacts Energy: ConocoPhillips Malsysia country profile