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 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.
