PETRONAS set to ramp up production

PETRONAS forecasts drilling approximately 15 exploration wells annually over the next two years.

PETALING JAYA: Petroliam Nasional Bhd (PETRONAS) aims to ramp up Malaysia’s oil and gas production to two million barrels of oil equivalent per day, as outlined in its 2025 to 2027 activity outlook report.

As of 2024, Malaysia’s hydrocarbon production stands at 1.7 million barrels of oil equivalent per day.