KUALA LUMPUR : Malaysia's state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities , and one cluster of late-life assets in its annual bid exercise launched on Thursday.
Those are located in prolific geological provinces within the Malay, Sabah and Sarawak basins, Petronas said in a statement. "Through our basin study work, we believe there are many more prospects to be identified in the Malaysia basins, with the estimated remaining potential of about 21 billion barrels of oil equivalent," said Mohamed Firouz Asnan, Petronas' senior vice president of Malaysia Petroleum Management.
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