Petronas launches Malaysia Bid Round 2026

This bid round targets high-impact exploration in the Sandakan basin, potential in West Sarawak, and near-field projects in the Malay basin, aiming to attract investment and accelerate resource development.

Feb. 11, 2026

2 min read

Malaysia Bid Round 2026 map — Malaysia Bid Round (MBR) 2026 offers 9 exploration blocks and 6 discovered resource opportunities.

Petronas, through Malaysia Petroleum Management (MPM), launched the Malaysia Bid Round 2026 (MBR 2026) Feb. 10, with nine exploration blocks across Malaysia on offer.

The blocks include “high-impact exploration block in the frontier Sandakan basin, high-potential exploration blocks in the emerging West Sarawak basin, and near-field exploration blocks with new play ideas in the mature Malay basin, the company said in a release Feb. 12.

The bid round also includes six discovered resource opportunities offering “ready-to-develop” pathways for monetization, the company said, noting that “investors and solutions providers are presented with opportunities to leverage on the extensive technical information, enabling resource development platform, and phased-development options which provide ability for early monetization and near-term value creation.”