PETRONAS and Regional Partners to Advance Offshore Oil Recovery

KUALA LUMPUR, June 4 (Bernama) -- PETRONAS, through Malaysia Petroleum Management (MPM), has signed a Memorandum of Understanding (MoU) with regional Exploration and Production (E&P) operators and University Technology PETRONAS (UTP) to jointly evaluate opportunities for improved and enhanced oil recovery (IOR/EOR) in offshore acreages.

The document exchange, held in conjunction with the Offshore Technology Conference Asia (OTCA) 2026 at the Kuala Lumpur Convention Centre, was signed between PETRONAS, PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali), Universiti Teknologi PETRONAS (UTP), PTTEP Sarawak Oil Limited (PTTEP SKO), PTTEP Sabah Oil Limited (PTTEP SBO), and PT Pertamina Malaysia Eksplorasi Produksi (PMEP).