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PETRONAS to Maintain Domestic Production at 2 MMboe/d Through 2028

NATURAL GASBIOFUELS

PETRONAS plans to maintain its domestic production at approximately 2 million barrels of oil equivalent per day through 2028, focusing on exploration and enhanced oil recovery. The company aims to optimize resources from key assets to support Malaysia's energy security while advancing decarbonization initiatives to achieve net zero emissions by 2050. Additionally, PETRONAS is set to expand its LNG portfolio and enhance operational efficiency, with a new biorefinery and a third floating LNG facility planned for the coming years.

PETRONAS to Maintain Domestic Production at 2 MMboe/d Through 2028
Jan 30, 2026, 6:07 AM

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