As a progressive regulator of Malaysia’s oil and gas resources, MPM has continuously introduced variations to the contractual model and fiscal terms to address the increasing industry complexities and to facilitate investments in specific asset types. The Production Sharing Contract (PSC) continues to evolve since its introduction in 1976 to replace the concession-based system. The PSC fiscal terms today are tailored to match the opportunities offered, providing optimum sharing of the profit oil and profit gas between PETRONAS and investors. Under the terms of the PSCs, the oil companies (Contractors) are responsible for the exploration, development and production of the hydrocarbon resources in Malaysia. The Contractors bear the risks associated with petroleum activities in the contract area while enjoying entitlement from the hydrocarbon production.
Explore our attarctive fiscal terms here Fiscal Terms | Malaysia Petroleum Management (MPM) (petronas.com)