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
Saudi Arabia weighs price war or stability after UAE exit from OPEC+, with Malaysia’s O&G…
Advancecon Holdings has secured a RM48 million contract for infrastructure work in Johor, signaling strong…
UAE exit from OPEC+ and USD100 oil boost Malaysia’s energy outlook; Dialog and Hibiscus seen…
Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the…
ASEAN manufacturing PMI falls to six-month low as Middle East war drives price pressures, supply…
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and…
This website uses cookies.