The collaboration advances PETRONAS’ growth strategy of partnering with purpose to create sustainable value for its shareholders while delivering reliable energy.

The SFA PSC, which covers a sub-block area located within the Sandakan Basin was awarded to Dialog Resources Sdn Bhd (Dialog) as the sole operator.

The Serpang Working Area covers approximately 8,498 square kilometres, while the Binaiya Working Area spans 8,484 square kilometres.

Located in the Caspian Sea, the Block I concession currently produces approximately 400 million cubic feet of natural gas per day.

This delivery signifies the beginning of PLL’s cooperation with PV Gas, a subsidiary of PETROVIETNAM (PVN), paving the way for future collaboration to support Vietnam’s energy security needs.

Designed to maximise resource recovery and enhance production efficiency, the project is tied back to the Gumusut-Kakap Floating Production System (FPS).

The Malay basin presents substantial opportunities for Carbon Capture and Storage (CCS), positioning it as a key player in sustainable energy development.

The MoU for strategic partnership will strengthen collaboration, among other things, in the upstream exploration and production of oil and gas internationally and the LNG value chain.

The signing was held at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2024, which took place from November 4th to 7th in Abu Dhabi.

The partnership further solidifies the trust in PETRONAS’ capabilities to deliver LNG to international markets, with a primary focus on customers in Japan.