PETRONAS has launched the Malaysia Bid Round 2023 (MBR 2023), offering 10 exploration blocks and two clusters of Discovered Resource Opportunities (DRO). Themed Winning the Energy Transition with our Advantaged Energy , MBR 2023 saw the participation of more than 50 oil and gas companies, as well as government agencies, foreign trade attachés and energy market consultants.
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has signed production sharing contracts (PSCs) for nine exploration blocks marketed under Malaysia Bid Round 2022 (MBR) with an investment amounting RM1.7 billion in exploration drilling capital, particularly in the deepwater areas and the underexplored formations.
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The 10 exploration blocks on offer are within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. These blocks cover various geological play settings with sizeable prospects to be explored.