Report summaryThe Terengganu Area covers a major group of oil and gas fields offshore Peninsular Malaysia. Until April 2012, it was administered under three discrete contracts: the 1976 EPMI PSC, the 1995 JV PSC and the Gas PSC. At this point, the fields covered by the 1976 EPMI PSC were transferred to the Gas PSC. Supply from the area managed to accommodate fluctuations in gas demand. Gas is transported by pipeline to onshore gas processing facilities at Kerteh. As part of the licence extension in 2008, the partners made additional commitments related to EOR activities, facility upgrades and further development activity on seven mature oil fields covered by the PSC...
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