Petronas to continue aggressive exploration


Moving ahead: In the last five years, 970 exploration wells were drilled in South-East Asia with about one fifth or 171 wells in Malaysian waters.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will continue to undertake aggressive exploration and appraisal activities despite the global low oil price environment.

General Manager, Malaysia Petroleum Management, Mohd Redhani Abdul Rahman said Petronas feels that this is one of the main strategic thrusts that has been working for Malaysia for the past five to 10 years.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Petronas

Next In Business News

AMRO keeps ASEAN+3 growth forecast at 4%, raises inflation outlook
Japan's Nikkei retreats from record peak as traders gauge fragile Mideast peace talks
Asia stocks skittish as Middle East anxiety offsets AI optimism
Malaysia manufacturing PMI slips to 49.9 in May after two months of expansion
South Korea inflation hits two-year high, imminent rate hike in play
Australia lifts minimum wage to match increases in inflation
Berkshire, under new CEO Greg Abel, invests US$16.8bil in two days
Wall St ends higher, boosted by tech gains, US-Iran peace hopes
Weaker consumer sentiment weighs on Amway
Fed�credibility lost if president ‘can fire’ officials

Others Also Read