Malaysia and Brunei Formalise Unitisation Agreement For Gumusut-Kakap and Geronggong-Jagus East Offshore Fields

Malaysia, through its national oil company PETRONAS, today formalised a Unitisation Agreement (UA) with the Government of  Brunei Darussalam for the Gumusut-Kakap and Geronggong-Jagus East fields which straddle along the Malaysian-Brunei maritime boundary.

The formalised UA firmly attests the continuing collaboration between Malaysia and Brunei and establishes the platform for the joint development of the fields by PETRONAS and the National Unitisation Secretariat (NUS) of Brunei to further enhance the value derived from these assets for both countries.




Source: NAM News Network