Petronas To Explore Malay Basin’s Full Potential
KUALA LUMPUR, Jan 7 (Bernama) -- Petroliam Nasional Bhd (Petronas), through Malaysia Petroleum Management (MPM), in collaboration with Beicip Franlab Asia, has embarked on an integrated basin study to explore untapped resources in the Malay Basin, located off the coast of Peninsular Malaysia.
The study leverages advanced 4D modelling and machine learning technologies to analyse the subsurface architecture at both basin and reservoir scales, the global energy group said in a statement today.
“It also focuses on predicting hydrocarbon migration and entrapment by harnessing big data from the Malay Basin.
“Since the 1970s, the Malay Basin has produced over nine billion barrels of oil equivalent, earning its status as a ‘super basin’,” it said.
Petronas said recent exploration activities have uncovered significant new discoveries, highlighting the basin’s continued potential.
Beyond hydrocarbons, it said the basin presents substantial carbon capture and storage opportunities, positioning it as a key player in sustainable energy development.
“The Malay Basin, often regarded as mature, still holds significant untapped potential, as demonstrated by discoveries such as Bunga Aster and Bekok Deep.
“Through our collaboration with Beicip Franlab Asia on the integrated basin study and our artificial intelligence-enabled geophysical initiatives with Earth Science Analytics, we aim to redefine what is possible and unlock new opportunities in this prolific region,” said MPM senior general manager of resource exploration Azmir Zamri.
Petronas remains committed to ensuring an optimal and sustainable energy supply, with MPM playing a crucial role in managing petroleum arrangements and overseeing upstream petroleum activities in Malaysia.
-- BERNAMA