Malaysia State Oil Giant Petronas Looks to Boost Production

Petronas aims to increase Malaysia’s oil and gas production to 2 million barrels of oil equivalent per day (boepd) over the next three years to 2027, the Malaysian national oil company said in its Activity Outlook 2025-2027. As of 2024, Malaysia’s oil and gas output averaged 1.7 million boepd, said Petroliam Nasional Berhad, as Petronas is officially known. The increase in hydrocarbon production is expected to come from key development projects including Kasawari, the Gumusut-Kakap Redevelopment, Bekok Oil Redevelopment, Tabu Redevelopment,…