Malaysia 2023 offers opportunity for oil majors and independents - China Sourcing Summit On Petroleum & Chemical Equipment

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Industry News » Malaysia 2023 offers opportunity for oil majors and independents

This year’s Malaysia licensing round, which was launched by Petronas’ Malaysian Petroleum Management (MPM) on Wednesday, comprises 10 mostly shallow-water offshore exploration blocks across four basins and two Discovered Resource Opportunities (DROs) covering a total of about 70,000 square kilometres.

Up for grabs this year in the Malaysia Bid Round 2023 (MBR 2023) are exploration blocks PM 341, PM 342, PM 417, PM 428, PM 443 and PM 445 and the Chenang Cluster DRO offshore Peninsular Malaysia; exploration blocks SK 350, SK 510 and 5E offshore Sarawak and exploration block SB 403 and the Bambazon Cluster offshore Sabah.

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