Malaysia launches upstream bid round
Malaysia The Malaysian Bid Round 2022 includes 14 exploration blocks that include 15 discovered fields, six discovered resource opportunities and one long-life asset consisting of three fields.
The six discovered resource opportunities are Merenti, Ubah, Baram Jr, A, C and D blocks, which are mostly shallow water plays near existing production infrastructure.
The long-life asset includes three fields with existing facilities.
The plays are located on the Malay, Sabah and Sarawak basins.
The enhanced profitability terms PSC is applied to shallow-water blocks. The recently introduced small field asset and late life assets PSCs apply to the discovered resource opportunities and long-life asset offerings.
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