KUALA LUMPUR, 23 January 2024 – E&P O&M Services Sdn Bhd (EPOMS) proudly announces the official signing of the Bambazon Cluster Small Field Asset Production Sharing Contract (SFA PSC) with PETRONAS, marking a significant advancement in the company’s growth trajectory.

Under the terms of the Production Sharing Contract (PSC), EPOMS is entrusted with the development and production of valuable oil and gas resources from the Bambazon, Mengkira, and Tiga Papan fields situated offshore Sabah. Notably, EPOMS will assume the role of the sole operator for the Bambazon Cluster, holding a 100% participating interest.

This groundbreaking PSC comes as a result of EPOMS’ successful bid in the Malaysia Bid Round 2023, highlighting the company’s strategic plan and commitment to the energy sector’s evolution.

Zulkarnain Ismail, the Managing Director and CEO of EPOMS, expressed his enthusiasm, emphasizing that this marks a pivotal moment for the company. The Bambazon Cluster SFA PSC stands as a unique achievement for EPOMS, marking its first of such contracts since its establishment 11 years ago.

Zulkarnain further commented that EPOMS is delighted to broaden its portfolio by stepping into Exploration & Production (E&P) operatorship, a significant milestone made possible through the maiden award secured from PETRONAS. This achievement solidifies EPOMS’ position as a key player in the dynamic landscape of oil and gas exploration and production.