Petronas conducts offshore 2D seismic survey in Straits of Melaka
Malaysian state-owned energy company Petronas on November 15 announced that it had commenced a new offshore multi-client 2D seismic survey in the northern area of the Straits of Melaka. The survey is designed to explore and map the hydrocarbon potential in the open blocks of PM320 and PM321 of the Langkasuka basin.
The survey is expected to increase the availability of seismic data, which will lead to a higher probability of discovering hydrocarbon potential. This, in turn, is expected to attract prospective investors in future bid rounds, it said.
The survey is expected to be completed in late December 2023. It will cover an area of over 38,000 km2 and will acquire approximately 8,000 km of new 2D seismic data. The data will be of superior quality and will be designed to prospect for pre-Tertiary targets.
Petronas senior vice president of MPM, Mohamed Firouz Asnan, said that the company is committed to the sustainable growth of the oil and gas industry in Malaysia. He added that initiatives such as the multi-client seismic survey are expected to attract exploration interests and support the country’s production growth strategy.
Petronas through MPM is the custodian of the petroleum resources in Malaysia. With this mandate, MPM manages petroleum arrangements and provides stewardship on upstream exploration and production activities in Malaysia. PETRONAS remains committed to the sustainable growth of the oil and gas industry in the country.