KUALA LUMPUR (Jan 29): Malaysia’s national oil and gas company PETRONAS is aiming to ramp up its exploration and production activities in the coming three years after a slowdown in 2025. The number of wells to be developed and explored will rise to 91 this year from 79 last year, the company officially known as Petroliam Nasional Bhd said in its latest Activity Outlook report. “PETRONAS will focus on revitalising Malaysia’s exploration and production landscape to strengthen domestic energy security,” the company said in the report released annually. The activity outlook covers Peninsular Malaysia, Sabah and Sarawak, and excludes the Malaysia-Thai Joint Development Area. The activity outlook underlines PETRONAS’ Capital Project Investment Destination Masterplan 2030, aimed at improving domestic project delivery, strengthen competitiveness of local service players and position Malaysia as the preferred investment destination.

Source: The Edge Markets January 29, 2026 09:10 UTC