Exploration, Development & Production
The Development & Production segment encompasses the Group’s efforts in revitalizing brownfields along with the development and production of small and marginal fields.
PETRA Energy proudly operates the Banang oilfield offshore Terengganu and Block SK433 onshore Miri, Sarawak.
In 2013, through a partnership, PETRA Energy became involved in the Small Field Risk Service Contract (SFRSC) for the development and production of petroleum from the Kapal, Banang and Meranti small fields (KBM Cluster) offshore Peninsular Malaysia. By 2020, PETRA Energy became the sole operator of the Banang Field under a Technical Service Agreement with PETRONAS, and in 2024, was awarded the Banang Late Life Asset (LLA) Production Sharing Contract (PSC). The LLA PSC grants PEDSB Operatorship of the Banang field with 100% participating interest.
In 2021, PETRA Energy was granted the inaugural petroleum contract by Petroleum Sarawak (PETROS) for exploration, development, and production of Petroleum from onshore Block SK433, Miri Sarawak. Block SK433 is in the Miri-Marudi area covering Northern Marudi and includes the Adong Kecil West discovery.
Aligned with our commitment to Synergising Partnerships, PETRA Energy is dedicated to maximizing local content and will prioritise and encourage participation from local contractors in procurement and project execution activities. We will strive to ensure the development of the business ecosystem & local communities with safety and environmental considerations at the forefront of operations.
Banang Field, Terengganu
SK433 Field Rig Mobilisation