Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Malaysia’s Petronas offers 14 exploration blocks, discoveries, late-life assets

    Malaysia’s Petronas offers 14 exploration blocks, discoveries, late-life assets

    January 28, 2022
    Share
    Facebook Twitter LinkedIn WhatsApp

    Kuala Lumpur — Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.

    The exploration blocks offered in the Malaysia Bid Round (MBR), aimed at attracting investors to undertake exploration activities, mostly contain existing oil or gas discoveries.

    Those are located in prolific geological provinces within the Malay, Sabah and Sarawak basins, Petronas said in a statement.

    The six DRO clusters – Meranti, Ubah, Baram Jr., A, C, and D – were mostly in shallow water and near existing production infrastructure.

    “Through our basin study work, we believe there are many more prospects to be identified in the Malaysia basins, with the estimated remaining potential of about 21 billion barrels of oil equivalent,” said Mohamed Firouz Asnan, Petronas’ senior vice president of Malaysia Petroleum Management.

    Petronas was also offering technical study arrangements for two exploration areas in the southern Malay Basin and the northwest Sabah Basin, to help investors understand more of the acreages prior to submitting a bid proposal.

    The launch was attended physically by more than 90 potential investors as well over 1,300 potential and existing investors streaming live from North America, Europe, the Middle East and Asia Pacific.

    • Reuters (Reporting by Rozanna Latiff; Editing by Martin Petty)
    • Follow us on twitter

    Related News

    Oil futures capped over U.S. fiscal worries, China’s slowdown

    Nigeria to close skill gap in energy sector, launches oil & gas academy

    NNPC Ltd withheld N500bn revenue in 2024 – World Bank

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Nigerian govt, sub-nationals share N1.681 trillion in April

    May 19, 2025

    Oando wins Domestic Impact Deal of the Year at 2025 IFLR Africa Awards

    May 19, 2025

    “We’re training our workforce to achieve greater efficiency” – Ibas

    May 19, 2025

    Britain’s energy price cap to fall 7% in July – Cornwall Insight

    May 19, 2025

    Oil futures capped over U.S. fiscal worries, China’s slowdown

    May 19, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.