The PSC extension, which is said to potentially last up to 10 years from 2017, will allow Talisman to proceed with two planned platform developments lined up for the Bunga Kekwa and Bunga Pakma fields.
The operator of Block PM3CAA is understood to have originally planned to start oil production at Bunga Kekwa in 2013, followed by first gas flow in 2018, while Bunga Pakma was scheduled to come on stream from as early as 2016.
However,
