logo
Petronas awards Temaris gas contract to support energy goals

Petronas awards Temaris gas contract to support energy goals

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has awarded the Temaris Cluster small field asset production sharing contract (PSC) to Seascape Energy Asia (One) Sdn Bhd, a wholly owned unit of Seascape Energy Asia plc.
The contract was awarded via Malaysia Petroleum Management (MPM), Petronas' upstream resource management arm.
The Temaris Cluster, located in the Malay Basin offshore Peninsular Malaysia, comprises the Tembakau and Mengkuang gas fields.
In a statement today, Petronas said this is the second PSC awarded under the three discovered resource opportunities clusters offered in the Malaysia Bid Round 2025.
It said the cluster is located near existing production infrastructure, enabling cost efficiencies and faster development.
MPM senior vice-president Datuk Ir Bacho Pilong said the Temaris project is expected to produce about 100 million standard cubic feet of gas per day, with first production targeted in 2029.
"This marks another step in supporting national energy security while enabling growth in the upstream sector," he said.
Seascape will be the sole contractor under the PSC, making its operational debut in Malaysia.
Separately, Petronas has signed technical evaluation agreements with AFED TEXCAL Energy Ventures for the Langkasuka Basin in the Straits of Malacca, and with POSCO International for the Layang-Layang Basin off Sabah. These efforts are part of its broader push to explore frontier basins.
Petronas, through MPM, manages Malaysia's petroleum resources and oversees upstream exploration and production activities.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Petronas, Italy's Eni ink JV framework
Petronas, Italy's Eni ink JV framework

The Sun

timean hour ago

  • The Sun

Petronas, Italy's Eni ink JV framework

KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) has entered into a joint venture framework agreement (JVFA) with Italian energy company Eni to further discussions and evaluations aimed at creating a regional upstream joint venture (JV) company. The agreement builds on a memorandum of understanding inked in December 2024. In a statement today, Petronas said that the JVFA reflects both companies' shared commitment to combine selected upstream interests in Malaysia and Indonesia. The national oil and gas company also said that the agreement is expected to deliver up to 500,000 barrels of oil equivalent per day of sustainable production, with approximately three billion barrels of developed reserves and an estimated 10 billion barrels of exploration potential. 'Definitive agreements are targeted for completion by end-2025, subject to regulatory, governmental, and partner approvals,' it said. In another statement, Petronas CCS Ventures Sdn Bhd (PCCSV), MISC Bhd (MISC), and Mitsui OSK Lines Ltd (MOL) have announced the incorporation of a strategic JV company, Jules Nautica Sdn Bhd. PCCSV is a wholly owned subsidiary of Petronas. This JV will lead the development and act as the ultimate owner of liquefied carbon dioxide (LCO2) carriers, which are critical for transporting LCO2 to designated storage sites as part of advancing carbon capture and storage (CCS) solutions. Petronas said that the JV aims to become a leading owner of LCO2 carriers, facilitating the safe and efficient transportation of LCO2 to designated carbon dioxide (CO2) storage sites. 'Focused on supporting future CCS projects across the Asia Pacific region, the JV will also play a key role in completing the CCS value chain. 'Through strategic commercial agreements with CO2-emitting industries and storage companies, this partnership will provide a critical cross-border solution to meet growing environmental and regulatory needs,' said Petronas.

Petronas, Italy's Eni ink JV framework to explore regional upstream collaboration
Petronas, Italy's Eni ink JV framework to explore regional upstream collaboration

The Sun

timean hour ago

  • The Sun

Petronas, Italy's Eni ink JV framework to explore regional upstream collaboration

KUALA LUMPUR: Petroliam Nasional Berhad (Petronas) has entered into a joint venture framework agreement (JVFA) with Italian energy company Eni to further discussions and evaluations aimed at creating a regional upstream joint venture (JV) company. The agreement builds on a memorandum of understanding inked in December 2024. In a statement today, Petronas said that the JVFA reflects both companies' shared commitment to combine selected upstream interests in Malaysia and Indonesia. The national oil and gas company also said that the agreement is expected to deliver up to 500,000 barrels of oil equivalent per day of sustainable production, with approximately three billion barrels of developed reserves and an estimated 10 billion barrels of exploration potential. 'Definitive agreements are targeted for completion by end-2025, subject to regulatory, governmental, and partner approvals,' it said. In another statement, Petronas CCS Ventures Sdn Bhd (PCCSV), MISC Bhd (MISC), and Mitsui OSK Lines Ltd (MOL) have announced the incorporation of a strategic JV company, Jules Nautica Sdn Bhd. PCCSV is a wholly owned subsidiary of Petronas. This JV will lead the development and act as the ultimate owner of liquefied carbon dioxide (LCO2) carriers, which are critical for transporting LCO2 to designated storage sites as part of advancing carbon capture and storage (CCS) solutions. Petronas said that the JV aims to become a leading owner of LCO2 carriers, facilitating the safe and efficient transportation of LCO2 to designated carbon dioxide (CO2) storage sites. 'Focused on supporting future CCS projects across the Asia Pacific region, the JV will also play a key role in completing the CCS value chain. 'Through strategic commercial agreements with CO2-emitting industries and storage companies, this partnership will provide a critical cross-border solution to meet growing environmental and regulatory needs,' said Petronas.

Petronas signs 20-year deal to purchase gas from US-based Commonwealth LNG
Petronas signs 20-year deal to purchase gas from US-based Commonwealth LNG

The Sun

time3 hours ago

  • The Sun

Petronas signs 20-year deal to purchase gas from US-based Commonwealth LNG

PETALING JAYA: Petroliam Nasional Bhd (Petronas), through subsidiary Petronas LNG Ltd, has entered a liquefied natural gas (LNG) sale and purchase agreement with Commonwealth LNG LLC, marking a key milestone in its strategy to diversify its LNG portfolio through long-term supply from the United States. Under the agreement, Petronas is purchasing one million tonnes per annum (mtpa) of LNG from Commonwealth LNG for 20 years from Commonwealth LNG's 9.5 mtpa facility currently under development in Cameron, Louisiana. The agreement was commemorated at a document exchange ceremony between Petronas LNG Ltd CEO Ezran Mahadzir and Commonwealth LNG president and CEO Farhad Ahrabi on the sidelines of Energy Asia 2025. Petronas LNG marketing and trading vice-president Shamsairi M Ibrahim said, 'This agreement underscores Petronas' commitment to fostering global partnerships that ensure reliable, sustainable and long-term LNG supply for our customers. Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market.' The collaboration signifies a key step towards a shared ambition to deliver sustainable energy solutions advancing strategic energy collaboration, contributing to regional energy security and reinforcing Commonwealth LNG's role as a reliable player in the global LNG landscape, Petronas said in a statement today. Farhad said, 'We're pleased to establish this partnership and proud that Commonwealth LNG has been invited to help extend Petronas' successful history of more than a half-century in serving global energy needs.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store