In the upstream segment, PETRONAS said its near-term priority is to revitalise Malaysia’s exploration and production landscape, intensifying exploration in both new and mature areas and accelerating appraisal of recent discoveries. Looking ahead to the medium and long term, PETRONAS said upstream operations are committed to safeguarding production supply while embedding decarbonisation across the value chain. Operationally, PETRONAS’ upstream footprint includes 405 offshore platforms, over 3,000 wells and a fleet of FPSOs, FSOs and floating liquefied natural gas (FLNGs). Its floaters asset base includes eight FPSO units, nine FSO units, five mobile offshore production units (Mopus), two FLNG facilities and several other specialised structures. “The health and competitiveness of Malaysia’s OGSE sector is not ancillary to our mission – it is fundamental to it.” it said.

Source: The Star January 30, 2026 07:35 UTC