Petronas will increase activity offshore Malaysia with agreements through Malaysia Petroleum Management to study Layang-Layang basin and develop the Mutiara Cluster.
Petronas will increase activity offshore Malaysia with agreements through Malaysia Petroleum Management (MPM) to study Layang-Layang basin and develop the Mutiara Cluster.
A technical evaluation agreement (TEA) for Layang-Layang basin off the coast of Sabah was signed with ConocoPhillips Malaysia New Ventures Ltd. (COP) and Pertamina Hulu Energi (Pertamina). The basin spans about 44,500 sq km and the TEA covers comprehensive subsurface studies ranging from regional geological assessments to detailed prospectivity analysis.
Petronas also formalized a memorandum of understanding (MoU) with Dialog Resources Sdn Bhd (Dialog) to further advance the development of the Mutiara Cluster off the coast of Sabah’s East Coast. Petronas will invest in seismic data acquisition programs for geological insights and exploration acceleration.
Offered under the Malaysia Bid Round 2025, Mutiara Cluster Small Field Asset Production Sharing Contract was awarded to Dialog in June this year. A development plan will include repurposing existing materials and equipment.
Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).
