Petronas has highlighted its successful international exploration and appraisal activities undertaken in the first half (H1) of 2024.聽
According to the state-owned Malaysian company, its home country has yielded promising results with the Bekok Deep-1 oil and gas discovery made in May. Well testing demonstrated a strong hydrocarbon flow rate.
believes that the hydrogen potential in Bekok Deep-1 marks a 鈥渟ignificant milestone鈥� in the growth of Peninsular Malaysia鈥檚 energy sector.聽
As of 2024, Petronas has the highest net entitlement crude oil, condensate and natural gas production in , according to casino777 Technology鈥檚 parent company GlobalData.聽聽聽
The company also spotlighted success at the Sloanea-2 appraisal well in Block 52 in Suriname, South America.
Drilled in June, Block 52 has bolstered Petronas鈥� prospects in the Guyana-Suriname Basin. The company is currently assessing the feasibility of developing a stand-alone floating liquified natural gas project and an integrated development strategy for gas and oil extraction within Block 52.聽聽
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By GlobalDataA recent industry poll by GlobalData found that the Guyana-Suriname Basin is expected to be the largest growth engine for oil development globally, with more than 40 oilfields discovered so far.聽聽
Petronas CEO and executive vice-president of upstream Mohd Jukris Abdul Wahab commented: 鈥淲e are extremely pleased with these breakthroughs, which underscore Petronas鈥� ongoing initiatives to enhance our exploration endeavours in selected focus regions and strive for sustainable resource replenishment.鈥澛�
US-based natural gas company ExxonMobil recently revealed plans to transfer the operations of all assets under two production-sharing contracts in Malaysia to Petronas, subject to further agreements.
In early July, Petronas expanded its international fleet with the addition of three carriers for the Shell-led LNG Canada terminal launch in Kitimat, British Columbia.
On 7 August, the company announced its withdrawal from South Sudan following a two-year period of divestment initiatives.聽聽
