PETRONAS said that more than half of the discoveries were made in the Sarawak Basin, primarily in two clusters within the Balingian and West Luconia geological provinces.
PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) and its contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over one billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023.
The national oil company said the achievement was the result of an intensified exploration programme pursued in the last few years, which saw the drilling of 25 wells, the highest number of exploration wells drilled in a single year since 2015.
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