Insight
PETRONAS wraps up Malaysia Bid Round 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Malaysia announced the results of its Malaysia Bid Round 2022 on 15 February, and on the same day launched its latest acreage offering, Malaysia Bid Round 2023. In a resounding vote of confidence in Malaysia's exploration potential, 9 of the 14 blocks on offer were awarded. Ten companies picked up acreage including incumbent operators, returning players and new entrants to not only Malaysia, but also Southeast Asia. PETRONAS dominated the round, winning an interest in each block awarded, as it refocuses on its domestic portfolio. But it is likely to be PETRONAS' regulatory arm Malaysia Petroleum Management (MPM) that will be most pleased with the awards. After several lacklustre bid rounds, MPM has reinvigorated Malaysia's acreage offerings by responding to industry feedback and showing a more open approach to potential investors. As the Malaysia Bid Round 2023 switches focus to Peninsular Malaysia, MPM will be hopeful this more collaborative approach continues to pay dividends.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Baram Junior Cluster SFA
Located in the Baram Delta basin offshore Sarawak, the Baram Junior Cluster consists of six fields and will come onstream in 2027.
$3,720
Asset Report
Malaysia other fields (onstream)
This report summarises marginal fields in Malaysia that are currently onstream. These fields are considered marginal due to their small ...
$3,720
Asset Report
Malaysian Ceased Fields
A number of fields held under legacy licences have produced hydrocarbons in the past. These fields may now either be held under a ...
$3,720
