The decision was made following a thorough techno-commercial review in alignment with Petronas’ asset rationalisation strategy for a portfolio that fits with its growth ambitions amid the changing industry environment and accelerated energy transition.
PCML had operated the Yetagun Gas Project since 2003, where it held 40.9% participating interest. Other partners included Myanma Oil & Gas Enterprise , Nippon Oil Exploration Ltd and PTTEP International Lte . — Bernama
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