PM 323 contains the producing Chermingat, East Belumut, and West Belumut fields.  Each field has been developed by way of a wellhead platform which are connected to a Central Processing Platform at the East Belumut field.  Gas produced is re-injected to maintain pressure support, and oil is exported via a pipeline to an onshore oil terminal.

Completion of the acquisition will occur upon satisfaction of conditions including regulatory acceptance of the transaction by PETRONAS and waiver of the pre-emption right held by PETRONAS Carigali, who holds the remaining 40% working interest.