PETRONAS, through Malaysia Petroleum Management (MPM), recently launched the Malaysia Bid Round 2026 (MBR 2026), with the theme “Advantaged Energy: Accelerating and Shaping Tomorrow”, aiming at strengthening Malaysia’s position as a premium investment destination.
This year’s MBR introduces nine (9) exploration blocks across Malaysia. The portfolio presents a balanced mix of opportunities, featuring a high-impact exploration block in the frontier Sandakan Basin, high-potential exploration blocks in the emerging West Sarawak Basin, and near-field exploration blocks with new play ideas in the mature Malay Basin.
The bid round also includes six (6) Discovered Resource Opportunities (DRO) offering “ready-to-develop” pathways for monetisation. Investors and solutions providers are presented with opportunities to leverage on the extensive technical information, enabling resource development platform and phased-development options that provide the ability for early monetisation and near-term value creation.
Strengthening the investment landscape, PETRONAS signed a series of Memorandum of Understanding (MoUs), underscoring industry confidence and reinforcing Malaysia as a high-growth energy hub. Notably, MoUs with Global FCNG, Inc, ZDA Corporation Sdn. Bhd. and MTC Engineering Sdn. Bhd. broaden the scope of partnership opportunities and enhance Malaysia’s technology-driven solutions ecosystem.
Advancing its energy transition and CCUS ambitions, PETRONAS is also expanding collaboration beyond traditional PSC boundaries through the Borderless initiative, through a Memorandum of Agreement with PETRONAS Carigali Sdn. Bhd. and Hibiscus Oil & Gas Malaysia Limited. Leveraging the CBijak Malaysia Landscape framework, the initiative integrates workplans across the PSCs, offshore Malaysia, further optimising resource development and enhancing commercially viable CO2 management solutions.