Malaysia Records Over 1 Billion Barrels Of Oil Equivalent Of Exploration Discoveries In 2023

KUALA LUMPUR, Dec 1 (Bernama) — PETRONAS and its Petroleum Arrangement Contractors recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over 1 billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023. This 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.

More than half of the discoveries were made in the Sarawak Basin, primarily in two clusters within the Balingian and West Luconia geological provinces. Among the notable discoveries are Gedombak-1, Sinsing-1, Machinchang-1 and Mirdanga-1 by PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), along with Babadon-1 and Chenda-1 by Thailand’s PTTEP.


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