PETRONAS offers new blocks, clusters

The MBR 2023 virtual data room will be open till the bid deadline submission on Sept 15, 2023. — Bloomberg

PETALING JAYA: National oil company Petroliam Nasional Bhd (PETRONAS) is offering 10 exploration blocks and two clusters of discovered resource opportunities (DRO) for exploration and production (E&P) under the Malaysia Bid Round 2023 (MBR 2023).

In a statement yesterday, PETRONAS stated the 10 exploration blocks on offer are located within the producing Malay, Sabah and Sarawak basins as well as the newly opened Penyu basin. “These blocks cover various geological play settings with sizeable prospects to be explored, providing opportunities for investors looking for Advantaged Energy – low cost, low carbon energy,” said the energy group.