Malaysia’s Petronas to Boost Exploration to Maintain Domestic Output

Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at about 2 million barrels of oil equivalent per day (boepd), the state energy giant said in its 2026-2028 activity outlook on Thursday. As energy security has become paramount, Petronas will focus in the upstream on revitalizing Malaysia’s exploration and production landscape to strengthen domestic energy security. “This includes intensifying…