The target may be achievable given that last year alone the company’s revenues were $95 billion.

Vice president for exploration and production Dato' Wee Yiaw Hin, Malaysia's representative at the Ascope conference in Vietnam, told delegates at the chief executive summit that revenues were “very robust” and Petronas expects this to continue in 2013 and increase going forward.

Petronas generates much of its income from overseas assets, but there has also been success on the domestic front - Malaysia last year accounted for 72% of the oil and gas discoveries in the region.

He