Exploration & Production

Malaysia to award up to nine offshore blocks

ExxonMobil is one of the companies expected to win acreage in Malaysia’s latest licensing round ExxonMobil is one of the companies expected to win acreage in Malaysia’s latest licensing round.
By Damon Evans 13 December 2017 0 28765
An oil and gas terminal in Malaysia The Sabah oil and gas terminal. (Petronas)

Malaysia is set to award up to nine exploration blocks later this month as investors line up to probe the country’s waters. 

ExxonMobil is widely expected to pick up deepwater acreage off the state of Sabah, which would be its first foray outside Peninsular Malaysia, industry observers have said.

Malaysia Petroleum Management (MPM), the agency that runs the country’s licensing rounds on behalf of Petronas, has put a lot of effort into Sabah. Three contiguous deepwater blocks – OB7-01, OB7-02 and OB15-00 – have been made available....