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Malaysia s Petronas sees lower oil prices over long term
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Malaysia s Petronas sees lower oil prices over long term
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KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch next Friday (Feb 26).
The national oil company said in a statement today that included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks.
This year’s MBR also offers four deepwater blocks adjacent to the coast of Sarawak and Sabah which saw prominent exploration discoveries in recent years.
Petronas said the MBR 2021 launch will be held virtually in Kuala Lumpur and live-streamed to three different markets namely North America, United Kingdom and Europe, as well as Asia Pacific.
Petronas offers 13 offshore exploration blocks up for bids
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