Hess Corp. (HES) Signs North Malay Basin Development Agreements w/ PETRONAS

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Hess Corporation (NYSE: HES) announced today that it has signed agreements with PETRONAS to develop the North Malay Basin, located offshore Peninsular Malaysia.

The agreements creating the North Malay Basin Integrated Gas Development Project include amendments to the existing Production Sharing Contract for Block PM302, which is operated by Hess. The amendments enlarge the contract area to include nine discovered fields in the North Malay Basin for production of natural gas.

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