Petronas Carigali Sendirian Berhad, the oil and gas exploration subsidiary of Malaysia’s national oil company, Petronas, has formed a new business unit to focus exclusively on marginal oilfields. The new unit, named Vestigo, will manage and develop Malaysia’s risk service contracts (RSCs) for marginal fields. The move comes as the deadline for Malaysia’s third RSC bidding round for 10 marginal fields draws near. These marginal fields include the Bunga Pelaga, Rompin, Endau, Lada Hitam, D41, and A21 off Sarawak; the Rusa Timur, Mutiara Hitam, and Kuda Terbang off Sabah; and the Ophir and Ione fields off Peninsular Malaysia.
