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PETRONAS Carigali

PETRONAS Carigali Sdn Bhd is the upstream exploration and production (E&P) subsidiary of PETRONAS (Petroliam Nasional Berhad), Malaysia’s national oil and gas company.

🌍 What PETRONAS Carigali Does

  • Responsible for hydrocarbon exploration, development, and production across Malaysia and selected international projects.

  • Operates offshore gas hubs and oilfields, including taking over the E11 gas hub off Bintulu from Shell in 2021

⚙️ Key Strategic Projects & Operations

✔️ Major Discoveries:

  • Made six oil and gas discoveries in Sarawak basin blocks such as SK306, SK411, SK313, among others, leveraging a clustered exploration approach aimed at mature reserves.

✔️ Kasawari CCS Project:

  • Approved the Final Investment Decision (FID) for the Kasawari Carbon Capture & Sequestration (CCS) project offshore Sarawak, targeting reduction of ~3.3 million tonnes of CO₂ emissions annually—one of the largest offshore CCS initiatives globally.

✔️ New Subsidiary: Vestigo Petroleum:

  • Launched Vestigo Petroleum Sdn Bhd, wholly-owned by PETRONAS Carigali, focused on developing mature, small, and marginal fields, improving production efficiency and supporting strategic growth.

✔️ Regional Collaboration:

  • Partnered with Thailand’s PTTEP via MoUs and technical assistance agreements (TAAs) for gas block development in Bintulu offshore blocks SK405B and SK410B, aiming at shared infrastructure and engineering synergies.

✔️ Cross‑Border Projects:

  • Participates in Malaysia–Thailand joint development blocks via operating companies under PSC structures, such as Carigali Hess and Carigali‑PTTEPI in shared offshore basins.

✔️ Supply Operations:

  • Operates logistics and supply bases, including at Tanjung Berhala, Terengganu, supporting offshore drilling and exploration since the 1980s.

📈 Role within PETRONAS

PETRONAS Carigali is PETRONAS’ main upstream arm, overseeing:

  • Exploration and production licensing (via Production Sharing Contracts)

  • Development of both new and mature oil/gas fields

  • Integration into PETRONAS’ broader energy strategy—especially toward sustainability and carbon reduction.

Other affiliated entities:

  • Petronas Dagangan – downstream fuel marketing.

  • Petronas Lubricants International – global lubricants arm.

  • Petronas Chemicals, Gentari (clean energy), and Petronas Carigali Overseas focused on international upstream assets.

🧭 Summary Table

Aspect Details
Type Wholly-owned upstream subsidiary of PETRONAS
Main Function Exploration, development, production of oil & gas
Key Assets Gas/oil fields in Sarawak; E11 offshore gas hub
Innovation Focus Clustered exploration, CCS technology, mature-field optimization
Collaborations Vestigo Petroleum, PTTEP partnerships, Joint Development Areas with Thailand

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