Our operations in Malaysia focus on the Upstream and Lubricants businesses.
Our activity in figures
barrels of oil equivalent in gas production
of total surface area
Main Upstream projects
In Malaysia, new wells were started up in the Kinabalu offshore block redevelopment project, located in the west of the Malay basin. In 2017, crude production began in this project, which is operated by Repsol with a 60% working interest.
We have been operating the Kinabalu field, a mature offshore field located in the Malaysian basin of Sabah, since May 2015. We have a 60% share in this field and the remaining 40% belongs to Petronas. In 2017, after a new crude extraction platform was installed, crude production was begun as part of the redevelopment project.
The project comprises a new platform, connection lines to existing facilities in Kinabalu, and drilling ten additional production wells.
Now that the field is in the production stage, gross production will increase by 15.6 million barrels in reserves by 2032.
In 2015, we began exploration and production activities in the country through the incorporation of the PM-3 operated production block, located between Malaysia and Vietnam, where we have a 41.44% stake.
In September 2017, a new platform was successfully installed at the block, which should increase production levels by mid-2018.
PM-3 is an asset producing gas and oil, which are exported to the Malaysian and Vietnamese markets. In production, this asset will include all asset management activities: exploration, the development of new discoveries, and the improved recovery of hydrocarbons in the areas developed.
In May 2019, we obtained positive results from the Bunga Saffron-1 and Bunga Saffron-1 ST1 wells located on the block.
In 2011, we began marketing our lubricants in Malaysia. As of today and following the creation of Joint Venture with United Global Limited in 2019, we have boosted our presence in the region through a distribution network.
Address: 165 Jalan Ampang
Kuala Lumpur, Malaysia
Last updated: December 2020.