Tanjung Offshore, China's Jereh to Work Together in Malaysian Oil, Gas Exploration Space

Tanjung Offshore Bhd and China's Yantai Jereh Group have agreed to work together in Malaysian oil and gas exploration space.

The companies inked a collaboration agreement pertaining to this, reported The New Strait Times newspaper Tuesday.

Under the deal, Tanjung Offshore will explore potential activities and market Jereh's services in Malaysia while the latter will provide oil field equipment for projects awarded by Petroliam Nasional Bhd (Petronas), the newspaper reported.

Tanjung Offshore chief executive officer Muhammad Sabri Abd Ghani said Jereh's technology will improve its operating efficiency, lower cost and implement continuous technology enhancement.