PTTEP announced in May its offshore Sirung-1 exploration well as an oil and gas discovery, intersecting a column of more than 100m in Miocene clastic reservoirs, in the shallow waters off the coast of Sarawak.
At, a virtual event held on 26 February 2021, with over 250 potential and existing investors, PETRONAS successfully launched the annual Malaysia Bid Round (MBR) 2021, with a total of 13 offshore exploration blocks on offer.
Madeleine Slatford, Middle East/South Asia Editor, NVentures Ltd
Bangladesh is geologically well positioned to pursue a strategy fuelled by natural gas, but the international Covid situation is causing continued delays; namely to the 2020 licensing round. This Hot Spot is brought to you in association with NVentures.
The Autoridade Nacional do Petróleo e Minerais Timor-Leste (ANPM) has invested in the latest data room technology to support ongoing 2nd Licensing Round and future oil and gas exploration in Timor-Leste.
John Mark Bautista, Philippines Department of Energy
Although the Philippines remains very much underexplored, working petroleum systems, proven hydrocarbon accumulations and an energy hungry economy suggest a promising future for oil and gas exploration and production in the region.