Petronas is offering 14 exploration blocks, six clusters of Discovered Resource Opportunities (DRO) and one cluster of Late Life Assets (LLA) as part of the Malaysia Bid Round 2022 (MBR 2022). The 14 exploration blocks on offer are located in prolific geological provinces within the Malay, Sabah and Sarawak basins. Most of these blocks contain existing oil and/or gas discoveries that will accelerate monetisation activities.

The six DRO clusters featured in the MBR 2022 are Meranti, Ubah, Baram Jr., A, C, and D, mostly in shallow water and are nearby existing production infrastructure. In addition, the single LLA, which includes a cluster of three fields named the Abu Cluster, provides opportunity for the new operator to sweat the remaining oil in place using existing facilities. Petronas is also offering technical study arrangements for two exploration areas in southern Malay Basin and northwest Sabah Basin. Through the study, investors will have an opportunity to better understand the potential of the acreages, prior to submitting a bid proposal.

KeyFacts Energy: PETRONAS Malsysia country profile