TI Exploration & Production Sdn. Bhd. (TI EP) is a Malaysian upstream oil and gas company focused on exploration and production activities. It operates as a joint venture between TI Petroleum Sdn. Bhd., a wholly owned subsidiary of Terengganu Inc., and Ping Petroleum Limited, which specializes in late-life asset management and brownfield redevelopment.
In June 2026, Dagang NeXchange Bhd acquired a 20% equity stake in TI EP via its subsidiary Ping Petroleum. The company holds a non-operated participating interest in the PM6/12 production sharing contract in Malaysia as part of portfolio optimization agreements involving PETRONAS and EnQuest.
Also known as TI Exploration & Production Sdn Bhd.
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.
Transfers operatorship and stakes in several Peninsular Malaysia and Sarawak PSCs to partners; Terengganu’s TI EP to take a non‑operated interest in PM6/12 to build state capability.
