ConocoPhillips quits major Sarawak project amid state’s row with Petronas

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KUALA LUMPUR, April 29 — US oil firm ConocoPhillips has unexpectedly withdrawn from operating the Salam-Patawali deepwat...

The project, discovered jointly with Malaysia’s national oil corporation Petronas in 2018, represented a 50-50 joint venture valued at approximately RM13.7 billion (US$3.13 billion).

A senior aide to the PM confirmed that Anwar had been briefed on the dispute but indicated that both parties remain firm in their positions, with a senior Petronas official similarly confirming that negotiations have stalled.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaCanadaThailand

Topics: Petronas Sarawak oil dispute ConocoPhillips Sarawak withdrawal Sarawak Petros oil and gas news Salam-Patawali oil project Malaysia Malaysia oil and gas investment risks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 09:49:05 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 776 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 28277376

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