Searah Malaysia Takes Over Production Sharing Contracts From Petronas Carigali
KUALA LUMPUR, July 17 (Bernama) -- Searah (Malaysia) Sdn Bhd, the Malaysian operating entity of Searah Ltd, has assumed operatorship of key production sharing contracts in Malaysia from Petronas Carigali Sdn Bhd effective July 1, 2026, after fulfilling all conditions precedent.
In a statement today, Searah (Malaysia) said the successful transition positions Searah (Malaysia) as the operator of five major upstream assets, forming part of Searah Ltd’s wider regional portfolio of 19 assets in Malaysia and Indonesia.
Searah (Malaysia) chief executive officer Mohd Johan Ariff Mohd Supian said the commencement of operations reflects months of dedicated planning, integration and collaboration.
“As we move forward, our focus remains on operating safely and reliably, creating long-term value for our stakeholders and building a strong foundation for Searah's future growth,” he added.
Searah Ltd is a 50:50 joint venture between Petroliam Nasional Bhd (Petronas) and Eni, bringing together selected upstream gas-producing and development assets across Malaysia and Indonesia.
In Malaysia, Searah operates through Searah (Malaysia), which manages selected upstream assets in Peninsular Malaysia and Sarawak and supports the continued development of the nation’s energy sector.
-- BERNAMA