Malaysia claims to have discovered a very large oil and gas resource in 2023



Malaysian national oil company Petronas has claimed today that more than 1 billion barrels of oil equivalent of new resources have been discovered in the country from exploration drilling this year.

The company said the new resources came from 19 exploration discoveries and two exploration-appraisal successes.

The 25 exploration wells in total that were drilled was the highest number in a single year since 2015.