Malaysia through national oil company Petronas has started a 2016 bid round that comprises nine focus blocks that the government hopes will prove attractive for exploration and potentially fast-track development even in the low oil price environment.
Petronas’ Malaysia Petroleum Management (MPM) acts as the resource owner and manager of the nation’s oil and gas assets.
MPM has launched a promotion round that comprises offshore and onshore blocks with a range of geological plays and complexity and varying potential.
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