Malaysia’s Petronas offers 14 exploration blocks, discoveries, late-life assets


How about giving them to local communities and coops?

Dateline 2022-01-27, Reuters:

Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and one cluster of late-life assets (LLA) in its annual bid exercise launched on Thursday.

The exploration blocks offered in the Malaysia Bid Round (MBR), aimed at attracting investors to undertake exploration activities, mostly contain existing oil or gas discoveries.

Those are located in prolific geological provinces within the Malay, Sabah and Sarawak basins, Petronas said in a statement.

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