Growth Opportunities for the Future, Together
As custodian of Malaysia's oil and gas resources, PETRONAS constantly strives to advance exploration and production (E&P) activities in the country. We promote exploration investments as well as facilitate oil and gas development and production activities through a Production Sharing Contract (PSC) mechanism. We also strive to optimise Malaysia's upstream assets and manage all E&P activities in the country, ensuring a conducive and progressive business environment.
The Malaysia Petroleum Management (MPM) of PETRONAS acts as resource owner and manager of Malaysia's domestic oil and gas assets. It manages the optimal exploitation of hydrocarbon resources and enhances the prospectivity of domestic acreages to attract investment and protect national interest. One of the key drivers of our business growth is deepwater E&P, with many positive prospects emerging in Malaysian acreages.
We continue to harness and deploy new technologies to maximise opportunities that further strengthen our capabilities in becoming a leading global E&P player.
With attractive PSC terms, Malaysia has seen the entry of a number of new players and a steady increase in investments in the upstream sector.
Indicative of abundant upstream opportunities, the number of oil and gas fields under exploration, development and production in the country has also risen over the years.