Malaysia extends oil and gas bid round deadline
Malaysia The country’s latest bid round was launched in January 2022 and offers 14 offshore exploration blocks with 15 discovered fields, six clusters of discovered resource opportunities and one cluster of mature assets comprising three fields.
The plays are located on Malaysia’s prolific Malay, Sabah and Sarawak basins.
The Meranti, Ubah, Baram Jr., A, C and D discovered resource opportunities are mostly shallow water plays located adjacent to existing upstream facilities.
Additionally, the NOC is offering technical study arrangements for two exploration areas covering four blocks on the Sabah and Malay basins.
The NOC estimates the country’s remaining reserves to be 21 billion boe, with 6 billion boe located in deepwater plays.
Reasons for the deadline extension were not disclosed.
Recent Posts
Arrow Exploration spuds new well in Colombia
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas makes discovery off Suriname
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japan’s JERA slates $32 billion for LNG, renewables, new fuels
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron planning UK North Sea exit
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium wins yet more FPSO work in Guyana
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore seals $350-million Gulf of Mexico deal
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More