MICCI New Member 2022 - Posco International E&P Malaysia Sdn Bhd
By marcom@micci.com
Aug 16, 2022
We are delighted to welcome Mr Seung Hyoun Lee, General Manager of Posco International E&P Malaysia Sdn Bhd, from MICCI President, Vice Presidents, Branch Chairmen, General Committee, Executive Committee, management & staff.
Posco International E&P Malaysia Sdn Bhd (PIEPM) is a wholly owned subsidiary of Korean Posco International Corporation, was incorporated in October 2021 for oil & gas exploration, development and production in offshore Peninsular Malaysia.
In November 2021, PETRONAS awarded a Production Sharing Contract for Block PM524 to PIPEM and PETRONAS Carigali Sdn Bhd (PCSB). Under the contract, PIEPM, as an operator with 80% participating interest, has been operating Block PM524 with PCSB.
In line with POSCO Group’s management philosophy of ‘Corporate Citizenship’, PIEPM will comply with international norms and set an example in advancing ethics management and fair trade.