Company Report
PETRONAS oil and gas exploration summary
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Report summary
Exploration is key to PETRONAS’ upstream growth and the company has actively returned to the drill bit. An optimised exploration portfolio provides funding for its decarbonisation agenda. PETRONAS' 'reclaiming its homefront' approach resulted in a string of domestic discoveries and high profile alliances with Majors to pursue opportunities in region. This is supplemented by a large acreage footprint in deepwater frontier and growth basins in the Atlantic margin. Exploration performance is improving - driven by value creation in Malaysia, Indonesia and Suriname.
Table of contents
- Exploration strategy
- Results summary
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Current portfolio and exploration outlook
- Exploration outlook
- Production and potential cost of production
- Value creation
Tables and charts
This report includes the following images and tables:
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PETRONAS's current acreage - top 15 countries (in '000 km2)Production from new field discoveriesDiscovery, development and operating costs for added commercial and viable resources
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Full-cycle economicsTop 10 conventional discoveries by development value (2015-2024)Conventional value and spend by countryIRR by water depthFull-cycle value creationExploration returns by yearNet exploration and appraisal wells by countryExploration & appraisal spend and reinvestmentExploration success rates
- 7 more item(s)...
What's included
This report contains:
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