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

This agreement underscores PETRONAS' unwavering commitment to provide reliable energy solutions that contribute to Sabah’s growth while supporting more sustainable energy use.

This new partnership is central to the Energy Institute’s future activities supporting and equipping the energy sector in Malaysia, in the wider Asia Pacific region and globally.

PER5ONA is designed to develop and test future 5G-powered applications, enhance research capabilities, and foster technological innovation in the field.

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.

Methane Leadership Programme (MLP 2.0) aims to strengthen emissions reduction targets and enhance coordination between businesses and governments, also supporting the Global Methane Pledge signed by over 150 countries.

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

The agreement is targeting at least 5 million tonnes per annum (mtpa) of CO2 capture and storage capacity by 2030.

The awarded PSCs encompass a portfolio of 12 fields, comprising oil and gas assets within the Malay basin in Peninsular Malaysia.