02/07/2026
SEARAH Commences Operations in Kerteh, Kemaman, Terengganu
SEARAH commenced operations in Kerteh, Kemaman, Terengganu as an independent upstream energy company established through a 50:50 strategic joint venture between PETRONAS and Eni, a global energy company headquartered in Italy. The company combines selected exploration and production (E&P) assets from both partners across Malaysia and Indonesia, creating a stronger and more competitive upstream entity dedicated to enhancing regional energy security.
SEARAH currently manages a portfolio of 19 oil and gas production and development assets across the Asia Pacific region. By leveraging the technical expertise, operational experience, and resources of both shareholders, the company aims to optimise asset performance, improve operational efficiency, and maximise long-term value from its upstream operations.
Guided by Eni's satellite model, SEARAH is committed to building a high-quality, resilient upstream business capable of delivering sustainable growth while supporting the evolving energy landscape. The company also plays a key role in advancing the energy transition by promoting responsible resource development, improving operational sustainability, reducing carbon intensity, and contributing to a secure and reliable energy supply for Malaysia and the wider Asia Pacific region.
