Petronas has awarded two new small field asset (SFA) production-sharing contracts (PSCs) to Singapore-listed Rex International for the Rhu-Ara and Diwangsa clusters offshore Peninsular Malaysia.
MEO Australia has reached a commercial settlement to allow a 30% joint venture participant withdraw from its farm-in to the WA-488-P exploration permit.
The company said the deal had been reached with Rex Bonparte after it was recently informed of changes to its management strategy.
Rex plans to focus on its key discovery assets in Norway and Oman instead.
