Japanese petroleum company Idemitsu Kosan has acquired interests in two blocks located off the coast of Sarawak, Malaysia, from South Korea’s SK Earthon and has signed a production sharing contract (PSC) for the blocks with Malaysia’s state-owned PETRONAS, Petroleum Sarawak Exploration and Production (PSEP), and SK Earthon.

Idemitsu Sarawak Earthon PSEP Petronas Idemitsu Kosan South Korea Petroleum Sarawak Exploration Malaysia Bid Round Plus Round Japan Organization Energy Security Ketapu Cluster Southeast Asia Production Vietnam