KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) is offering 14 exploration blocks, six clusters of discovered resource opportunities (DRO) and one cluster of late life assets (LLA) in its Malaysia Bid Round 2022 (MBR 2022) launched today.
Petronas said the latest bid was attended physically by more than 90 potential investors as well as by over 1,300 potential and existing investors streaming "live" from North America, Europe, the Middle East and Asia Pacific.
"Through our basin study work, we believe there are many more prospects to be identified in the Malaysia basins, with the estimated remaining potential of about 21 billion barrels of oil equivalent (BBOE).
"We welcome players with unique capabilities to unlock the potential in both old and new places," Petronas senior vice president of Malaysia Petroleum Management (MPM) Mohamed Firouz Asnan said in a statement today.
Petronas said the 14 exploration blocks on offer were located in prolific geological provinces within the Malay, Sabah and Sarawak basins.
Most of the blocks contain existing oil and/or gas discoveries that will accelerate monetisation activities.
"The six DRO clusters featured in the MBR 2022 are Meranti, Ubah, Baram Jr, A, C, and D, mostly in shallow water and are nearby existing production infrastructure.
"In addition, the single LLA, which includes a cluster of three fields named the Abu Cluster, provides opportunity for the new operator to sweat the remaining oil in place using existing facilities," it said.
Meanwhile, the group said the platform Petronas myPROdata was also launched at the event to provide investors with insights into the full potential of Malaysia's exploration and production resources.
It comes with five different subscription plans, each with its own set of data access, and is accessible 24/7.
Following the MBR 2022 launch, Petronas is hosting a virtual data room which will be accessible from Jan 27 until June 30 allowing potential investors to conduct data review anywhere and anytime during the bid round period.