SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia

MT Newswires Live

Sep 10, 2024

South Korean petroleum products distributor SK Innovation's (KRX:096770) petroleum exploration subsidiary SK Earthon signed a production-sharing contract with PETRONAS for the Ketapu Cluster off the coast of Sarawak, Malaysia.

SK Earthon will hold an 85% stake in the project, while the remaining 15% will be held by PSEP, a subsidiary of PETROS, SK Innovation said in a Sunday release.

The Ketapu Cluster contains four undeveloped oil and gas discoveries, with a development feasibility study planned for next year. PETRONAS has granted SK Earthon a four-year development and 20-year production period, the release said.

Shares of SK Innovation rose more than 1% at market close on Tuesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2466433874"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2466433874\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2466433874?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-10 18:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2466433874","market":"fut","top_or_hot":-1,"title":"SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia","media":"MT Newswires Live","content":"<html><body><p>SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia</p><p> South Korean petroleum products distributor SK Innovation's (KRX:096770) petroleum exploration subsidiary SK Earthon signed a production-sharing contract with PETRONAS for the Ketapu Cluster off the coast of Sarawak, Malaysia.</p><p>SK Earthon will hold an 85% stake in the project, while the remaining 15% will be held by PSEP, a subsidiary of PETROS, SK Innovation said in a Sunday release.</p><p>The Ketapu Cluster contains four undeveloped oil and gas discoveries, with a development feasibility study planned for next year. PETRONAS has granted SK Earthon a four-year development and 20-year production period, the release said.</p><p>Shares of SK Innovation rose more than 1% at market close on Tuesday.</p><p>Price (KRW): â©109700.00, Change: â©+1600, Percent Change: +1.48%</p></body></html>","source":"mtnewswires_live","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-10 18:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia South Korean petroleum products distributor SK Innovation's (KRX:096770) petroleum exploration subsidiary SK ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"制药","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466433874","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466433874","pubTimestamp":1725965227,"columns":[],"sourceInfo":{"source_id":"mtnewswires_live","name":"MT Newswires Live"},"weMediaInfo":null,"summary":"SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia South Kor","collect":0,"end_time":0,"defaultTopTitle":"mtnewswires.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4007":"制药","KRX":"KBW区域银行业指数","PTPI":"Petros Pharmaceuticals, Inc.","PSEP":"Innovator U.S. Equity Power Buffer ETF - September"},"translate_title":"SK Earthon与PETRONAS签订马来西亚Ketapu集群生产分成合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSEP":1,"PTPI":1,"KRX":1},"content_text":"SK Earthon Enters Production Sharing Contract with PETRONAS for Ketapu Cluster in Malaysia South Korean petroleum products distributor SK Innovation's (KRX:096770) petroleum exploration subsidiary SK Earthon signed a production-sharing contract with PETRONAS for the Ketapu Cluster off the coast of Sarawak, Malaysia.SK Earthon will hold an 85% stake in the project, while the remaining 15% will be held by PSEP, a subsidiary of PETROS, SK Innovation said in a Sunday release.The Ketapu Cluster contains four undeveloped oil and gas discoveries, with a development feasibility study planned for next year. PETRONAS has granted SK Earthon a four-year development and 20-year production period, the release said.Shares of SK Innovation rose more than 1% at market close on Tuesday.Price (KRW): â©109700.00, Change: â©+1600, Percent Change: +1.48%","kind":"live","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}