Kuching in Sarawak, Malaysia
Upstream independent forms Malaysian JV
Upland Resources is seeking opportunities near Brunei
London-listed independent Upland Resources and Malaysian consultancy Big Oil Ventures have agreed terms to form a new joint venture, called Upland Big Oil, to develop upstream assets in Sarawak, Malaysia. The companies will fund a joint technical study to examine and “de-risk” block SK334. An agreement to carry out the survey is already in place with Petroleum Sarawak, the provincial oil company owned by the Sarawak state government. The studies are due to be complete by the end of 2023. The SK334 block is located onshore in northern Sarawak and borders producing oilfields in Brunei. “Oil production in this sedimentary basin has occurred for many decades,” notes Upland, citing Brunei's Seria
Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
