Malaysia’s Petronas to Boost Exploration to Maintain Domestic Output

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Petronas plans to boost exploration and production to maintain domestic oil and gas output at 2 million barrels of oil equivalent per day, prioritizing energy security.

Market Impact

Market impact analysis based on bullish sentiment with 90% confidence.

Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Malaysia’s Petronas plans to boost exploration, deepwater development, and enhanced oil recovery over the next three years as it looks to maintain its domestic oil and gas production stable at about 2 million barrels of oil equivalent per day (boepd), the state energy giant said in its 2026-2028 activity outlook on Thursday. As energy security has become paramount, Petronas will focus in the upstream on revitalizing Malaysia’s exploration and production landscape to strengthen domestic energy security. “This includes intensifying…

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Original article published by OilPrice.com on January 29, 2026.
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