PETRONAS and Eni Establish Searah to Strengthen Regional Energy Security and Deliver Long-Term Value

KUALA LUMPUR, June 8 (Bernama) -- PETRONAS and Eni today announced the establishment of Searah, a 50:50 joint venture combining selected assets across Malaysia and Indonesia, as part of a partnership-led approach to strengthen portfolio value, support sustainable energy development and strengthen Malaysia and regional energy security.

Designed to operate as an independent entity, Searah provides a more focused platform to enhance operational performance and accelerate value creation, in line with PETRONAS’ ongoing efforts to optimise its portfolio and pursue new avenues for growth. By combining selected assets across Malaysia and Indonesia, PETRONAS and Eni have formed synergies in portfolios, technical expertise, and regional insights. This approach enables greater scale, sharper execution and stronger value delivery.