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

BIOFUELSNATURAL GAS

Petroliam Nasional Bhd (PETRONAS) plans to sustain domestic production at approximately 2 million barrels of oil equivalent per day (MMboe/d) over the next three years. This strategy involves continued investment in exploration, deepwater development, and enhanced oil recovery.

The company's activity outlook for 2026-2028 emphasizes resource optimization from assets like Belud, Sepat, and Kurma Manis to support Malaysia's energy security. PETRONAS is also advancing decarbonization initiatives under the BIGST cluster to achieve net zero carbon emissions by 2050.

Operational priorities include enhancing supply chain resilience and diversifying products, particularly in specialty chemicals and biofuels, with a biorefinery set to begin operations in late 2028. Additionally, PETRONAS aims to expand its LNG portfolio and improve efficiency and emissions in gas and maritime operations, with a third floating LNG facility planned in Sipitang, Sabah.

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

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