PETRONAS MoU with regional partners to advance offshore IOR/EOR
- PETRONAS MPM, PETRONAS Carigali, UTP, PTTEP Sarawak Oil, PTTEP Sabah Oil and PMEP signed an MoU at OTCA 2026 to evaluate IOR/EOR opportunities in offshore acreages.
- The collaboration will combine operators’ field experience and UTP’s research and laboratory capabilities to develop fit‑for‑purpose IOR/EOR studies, lab testing and potential pilot implementations.
- Primary aims are to improve recovery factors, extend field life and unlock long‑term value from mature offshore assets while strengthening regional technical capabilities.
- MPM also launched the Malaysia Digital Intelligence Centre (MDIC), an AI‑enabled platform consolidating workflows, data and intelligence between MPM and Petroleum Arrangement Contractors to streamline engagement and decision‑making.
Partnership and scope
PETRONAS, through Malaysia Petroleum Management (MPM), signed a Memorandum of Understanding with PETRONAS Carigali, Universiti Teknologi PETRONAS (UTP), PTTEP Sarawak Oil, PTTEP Sabah Oil and PT Pertamina Malaysia Eksplorasi Produksi (PMEP) in conjunction with OTCA 2026 to jointly evaluate opportunities for improved and enhanced oil recovery (IOR/EOR) in offshore acreages.
Technical workstreams
The parties will leverage operating experience from the E&P companies and UTP’s specialised research capabilities and laboratory facilities to develop fit‑for‑purpose IOR/EOR studies supported by laboratory testing, with the potential to mature selected technologies and concepts toward pilot implementation.
Objectives
The collaboration targets higher recovery factors, extended field life and unlocking long‑term value from mature offshore assets, while aiming to accelerate deployment of practical recovery solutions and strengthen regional technical capabilities across offshore basins.
Digital platform — MDIC
In parallel, MPM unveiled the Malaysia Digital Intelligence Centre (MDIC), a unified, AI‑enabled digital platform that connects MPM and Petroleum Arrangement Contractors by consolidating workflows, data and intelligence into a single environment to streamline submissions and approvals, improve transparency and enable faster, more informed decision‑making.
Source: Petronas
