Company Report
PETRONAS oil and gas exploration summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Exploration is key to PETRONAS’ upstream growth and the company has actively returned to the drill bit in 2022 and 2023. An optimised exploration portfolio provides funding for its decarbonisation agenda. Since 2022, PETRONAS adopted a 'reclaiming the homefront' approach to secure its domestic energy supply. As a result, its exploration performance is improving - driven by value creation in Malaysia. This is supplemented by a large acreage footprint overseas, in deepwater frontier and growth basins. Its international acreage has the potential to deliver material volumes.
Table of contents
- Exploration strategy
- Results summary
- Current portfolio and exploration outlook
- Production and potential cost of production
- Value creation
Tables and charts
This report includes the following images and tables:
- PETRONAS's current acreage - top 15 countries (in '000 km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Exploration wells drilled and spend per well
- Conventional E&A spend by water depth
- Largest 10 conventional discoveries (net, 2014 to 2023)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries
- 7 more item(s)...
What's included
This report contains:
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