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Malaysia’s Petronas is Looking Near and Far for Gas and Oil

Petronas’ Yetagun platform complex off Myanmar. The company hopes to soon improve recovery from the Yetagun block, which has been producing gas since 2000. Source: Petronas.

As Malaysia’s largest company, chief revenue generator, and primary energy producer, Petronas has a keen interest to develop hydrocarbons wherever it can find them.

This means Petronas is looking within its home country, around Southeast Asia, and to the Americas in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years. It is also exploring new partnerships with other global operators that offer regional and technical expertise.  

Petronas, whose upstream portfolio consists primarily of natural gas, wants to both accelerate its exploitation of the hydrocarbon and add more oil to the mix.   

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Malaysia’s Petronas is Looking Near and Far for Gas and Oil

Matt Zborowski, Technology Editor

01 June 2019

Volume: 71 | Issue: 6

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