Photo by Pixabay on Pexels.com
PETRONAS, through Malaysia Petroleum Management (MPM) and in collaboration with Beicip Franlab Asia, has launched an Integrated Basin Study to explore untapped potential in the Malay Basin, located offshore Peninsular Malaysia. This study leverages advanced 4D modeling technology, machine learning, and big data to analyze subsurface structures, predict hydrocarbon migration, and identify traps.
Since the 1970s, the Malay Basin has produced over nine billion barrels of oil equivalent, earning its status as a ‘super-basin.’ Recent discoveries, such as Bunga Aster and Bekok Deep, highlight its significant untapped potential, including opportunities for carbon capture and storage (CCS).
MPM Senior General Manager of Resource Exploration, Azmir Zamri, stated that collaborations with Beicip Franlab Asia and Earth Science Analytics aim to redefine possibilities and unlock new opportunities in this prolific basin. PETRONAS remains committed to ensuring sustainable energy supply while managing upstream petroleum activities in Malaysia.
Read more Business News
MGB Bhd secures a RM44.7m contract in Saudi Arabia for villa development, enhancing its regional…
The FBM KLCI retreated as rising oil prices, renewed geopolitical tensions and concerns over AI…
Bukit Mertajam MP Steven Sim calls for investigation into human trafficking following a police raid,…
Bursa Malaysia fined CFM and its eight directors RM2 million for listing breaches, underscoring stricter…
Lembaga Tabung Haji has improved its financial position through recovery efforts, enhancing asset quality and…
Schroders Capital's Q3 2026 outlook highlights private markets' resilience and the need for selective, deliberate…
This website uses cookies.