-- Petra Energy (KLSE:PENERGY) unit Petra Energy Development secured a contract to provide field operations management services for the SK407 Production Sharing Contract offshore Sarawak
The deal, awarded by Vestigo Petroleum, covers operations across five offshore fields, including West Lutong, Baram, Tukau, Siwa and Fairly Baram,
It has a term of two years, starting April 1, according to a Friday Malaysian bourse filing.
Financial terms were not disclosed.
Petra Energy said the contract strengthens its role in upstream oil and gas operations, alongside its existing production sharing and asset management activities.