Petronas Awarded Exploration Block in Sudan

Petronas was awarded an Exploration and Production Sharing Contract for Sudan's exploration Block 8. The onshore Block 8 covers an area of 65,856 square kilometers within the Blue Nile Basin, northeast of Sudan's highly prolific Melut Basin. Petronas Carigali Overseas has a 77 percent interest in the block while the remaining equity is shared between Sudan's national oil company Sudapet (15 percent) and High Tech Group (8 percent), a Sudanese company. Petronas Carigali Overseas and Sudapet will jointly operate the block.

Petronas' entry into Sudan's downstream business and the award of Block 8 are testimonies to Petronas ' long-term commitment to the development of the petroleum industry in Sudan. Petronas is already active in the upstream sector of the Sudan's oil industry. Apart from Block 8, Petronas already has interests in Blocks 1, 2 and 4; Blocks 3 and 7; Block 5A and Block 5B.