Upstream evaluation: Trio eyes potential onshore Malaysia

November 17, 2022

Who the heck is Big Oil Ventures?

Dateline 2022-09-07, Upstream Online:

UK independent Upland Resources, Malaysia’s Big Oil Ventures (BOV) and state government-owned Petroleum Sarawak (Petros) have teamed up to study the hydrocarbon potential of Block SK 334 onshore Sarawak, East Malaysia.

The trio have signed a joint technical study agreement for the approximate 6685-square kilometre tract in the north of the state, with the work being performed by Upland and BOV.

Upland confirmed that the main objectives of the joint technical study are to de-risk the petroleum system elements and improve understanding of the prospectivity in Block SK334, as well as assess the hydrocarbon potential of Block SK 334, delineate prospective areas and identify leads and prospects.


Malaysia’s Sarawak seeks investors to find new onshore plays

December 14, 2020

Dateline 2020-11-20, Energy Voice:

The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.

Since the 1970s, significant oil and gas reserves have been discovered offshore Sarawak, which have helped supply one of the world’s largest LNG plants in Bintulu.

Although there has been significant exploration onshore since the 1980s, results have been modest. Still, Sarawak remains hopeful that new investment will help prove fresh commercial reserves by applying new technologies.

Moreover, Sarawak, after winning a recent battle against the federal government and Petronas for greater control of its natural resources, will now start offering onshore acreage through open auction, as well as direct negotiation. Two onshore blocks, covering the Miri and Limbang, as well as Lawas areas – SK 433 and SK 334 – will be open for bidding in the coming months, the state announced on 30 October 2020.