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  • PETRONAS Offers 13 Blocks In Malaysia's Highly Prolific Basins At The Upcoming Malaysia Bid Round 2021
    édité le 19/02/2021 - Plus de news de "Petronas" - Voir la fiche entreprise de "Petronas"


PETRONAS Offers 13 Blocks In Malaysia's Highly Prolific Basins At The Upcoming Malaysia Bid Round 2021
PETRONAS announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks. This year’s MBR also features the offering of four deepwater blocks adjacent to the coast of Sarawak and Sabah which saw prominent exploration discoveries in recent years.

The MBR 2021 launch event will be held virtually in Kuala Lumpur, Malaysia and live-streamed to three different markets namely North America, United Kingdom and Europe as well as Asia Pacific. Themed ‘Grow your Energy Portfolio with Us’, MBR 2021 aims to attract investors with unique capabilities to unlock the full potential of the hydrocarbon resources in Malaysia.

PETRONAS Senior Vice President of Malaysia Petroleum Management (MPM) Mohamed Firouz Asnan said: “MBR 2021 will feature significant enhancements which include larger block areas coupled with flexible bidding options and low entry costs. We will also be offering relatively new fiscal terms to be applied in the Production Sharing Contracts (PSC) such as Enhanced Profitability (EPT) for the shallow water blocks, the Late Life Assets (LLA) and Small Field Assets (SFA) which are designed to match the risk and rewards of the investments with the type of assets available.

“These terms have been formulated based on the feedback from industry players, taking into account market conditions, further strengthening Malaysia’s position as the oil and gas hub in a growing and thriving market of South East Asia. Besides improved fiscal terms, Malaysia offers good network connectivity by way of established world-class infrastructure which enables ease of monetisation,” he added.

MBR is an annual bid exercise organised by PETRONAS which offers potential investors with different opportunities ranging from exploration blocks, discovered resources to late life assets as well as study opportunities to grow their energy portfolio and create value. Whilst MBR this year focuses on exploration blocks, the opportunities around late life assets and small fields are made available progressively throughout the year.

Apart from issuing and managing petroleum arrangements in Malaysia, PETRONAS also plays its role as the country’s oil & gas industry shaper and investment enabler by providing stewardship on upstream petroleum activities in Malaysia. It is the single contact point for investors, which is a unique feature differentiating PETRONAS against its peers globally.

About Petronas

Established in 1974, Petroliam Nasional Berhad (PETRONAS) is a global energy and solutions company, ranked amongst the largest corporations on Fortune Global 500®️. As an integrated global LNG producer with over 37 years of experience, PETRONAS provides an uninterrupted supply of LNG to more than 25 countries around the world. PETRONAS has safely delivered more than 11,000 cargoes globally, sourced from its portfolio of facilities located in Malaysia, Australia and Egypt. PETRONAS is also the first global energy player to introduce the floating LNG concept in 2016, the PFLNG SATU, and introduced its deep-water FLNG, the PFLNG DUA, in 2021.


Origine : Communiqué Petronas

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