Searah is a joint venture between Eni and PETRONAS, equally owned by both companies. Unveiled in March 2026, it combines selected upstream oil and gas assets in Southeast Asia, managing a portfolio of 19 blocks—14 in Indonesia and 5 in Malaysia.
The venture focuses on prolific basins, including the Kutei Basin offshore East Kalimantan, with key developments such as the North Kutei (Northern Hub), Gendalo-Gendang, and Geng North projects. It holds reserves exceeding 3 billion barrels of oil equivalent (as of June 2025) and targets initial production over 300 thousand barrels of oil equivalent per day (kboed) upon closing in Q2 2026, growing to more than 500 kboed by 2029, primarily gas-directed to supply regional LNG markets.
Searah aims to enhance energy security, operational efficiency, and long-term value through integrated operations and exploration potential, positioning it as a leading E&P player in the region.
