PSCs were signed on 21 Mar 19 for offshore PM-407 (6,275 sq km) + PM-415 (3,455 sq km) by PTTEP HKO, a subsidiary of PTTEP + Petronas. The Malay Basin blocks will be operated by PTTEP (55% in PM-407, 70% in PM-415) with Petronas holding the balance. Commitment include acquisition + processing of 3D seismic + 2 explo wells in PM-407,Â  2 explo wells in PM-415 in 4 years. Both blocks had been offered during the 2018 round. http://www.pttep.com.
PTTEP will operate PM407 on 55% and PM415 on 70%, with Petronas holding the non-operating balance in each tract.