Petronas has transferred operatorship of the Kebabangan Cluster Production Sharing Contract (KBBC PSC) offshore Malaysia to ConocoPhillips Sabah Gas.
Kebabangan Petroleum Operating Co., a joint venture between Petronas Carigali, Shell Energy Asia, and ConocoPhillips Sabah Gas, was the previous operator.
The PSC for the facilities, which have an export capacity of up to 750 MMcf/d of gas, will continue until the end of 2050.
According to Petronas, other commercial agreements are in place to ensure that future gas field developments in the contract area remain economically attractive.