Owner Investor / Financier Operator Developer
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.
Also known as Searah Ltd..
chemXplore tracks 1 project involving Searah, of which one is active.
Two binding agreements transfer 10% interests across multiple Indonesian PSCs, covering producing gas fields, major discoveries and hub projects; completions subject to regulatory approvals.
100% Sapukala deep-water block awarded; adjacent to major gas discoveries and covered by new seismic to speed evaluation.
Feasibility study to evaluate Ecofining‑based bio‑gasoline for motorsport performance and potential commercial rollout.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.
Double-digit underlying production growth, new JV and project FIDs, entry into critical minerals, and a larger share buyback with slightly higher 2026 production guidance.
EPCI for an FPSO to serve the Kutei North Hub, tied to subsea fields and a gas export pipeline to Bontang LNG and domestic users; 48-month execution.
50:50 JV combines 19 gas assets across Malaysia and Indonesia, targets 300k→500k boe/d and plans $20bn investment backed by a $6bn credit facility.
Large Miocene gas/condensate discovery in Kutei Basin (~5 Tcf gas, 300mmbbl condensate); adjacent Gula adds ~2 Tcf. POD to fast‑track a third hub; studies assess adding Bontang LNG capacity
active all projects
