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Malaysia

In 2016 we were present in Malaysia through our Upstream business.
 

Net surface area
of mineral rights

3,145

km2


Net production

24,548

barrels of oil
equivalent per day


Net proved reserves

37.5

million barrels of oil
equivalent per day

Upstream

As of December 31st, 2016 we owned mineral rights to seven blocks in Malaysia: one exploration block with a net surface area of 2,104 km2 and six production/development blocks with a net surface area of 1,041 km2.

In 2016, net production totaled 4.0 Mbbl of liquids and 28.2 bscf of natural gas, with an equivalent total net production of 9.0 Mboe (24,548 boe/d). Net proved reserves of liquids and natural gas at year end were estimated at 37.5 Mboe.

2016 milestones

  • In January and February two exploratory wells (Zoisit-1 and Baiduri-1) were completed in Malaysia in the SB-310 marine block, both with negative results. Additionally, in October, the Andalusit-1 exploratory well was completed in the same SB-310 block, also with negative results.
  • On April 6th, Repsol signed a 10-year renewal of the PM3 CAA PSC production block (Production Sharing Contract) with Petroliam Nasional Berhad (Petronas) and with Vietnam Oil & Gas Group (PetroVietnam). After singing the renewal, Repsol and Petronas each hold a 35% stake (Repsol's ownership interest as of December 31st, 2016 was 41.44%) and PetroVietnam holds the remaining 30% ownership interest. Repsol will continue to be the operator of the PM3 CAA block until the end of the renewal in 2027. The block, together with the associated production facilities, is located between Malaysia and Vietnam.

Within the sixth phase of development of the PM-3 CAA block, the Bunga Pakma Project progressed in 2016 and it is expected to begin production in 2017.


 
 

Get the latest information on Repsol's presence in Malaysia

Information on net production, net proved reserves, and mineral rights as of December 31st, 2016