Eni, Petronas to combine upstream assets in Indonesia, Malaysia
Published by Global Banking & Finance Review®
Posted on February 27, 2025
1 min readLast updated: January 25, 2026

Published by Global Banking & Finance Review®
Posted on February 27, 2025
1 min readLast updated: January 25, 2026

Eni and Petronas have signed a deal to manage upstream assets in Indonesia and Malaysia, combining significant reserves and exploration potential.
MILAN (Reuters) - Eni and Malaysia's state energy firm Petroliam Nasional Bhd (Petronas) signed a memorandum of understanding to create a joint venture to oversee some upstream assets in Indonesia and Malaysia, the Italian energy group said on Thursday.
The new company will combine around 3 billion barrels of oil equivalent (BoE) of reserves with an additional 10 billion BoE of potential exploration upside, a statement said.
The joint venture is expected to generate substantial synergies towards becoming a major liquefied natural gas player in the region, it added .
(Reporting by Gianluca Semeraro and Francesca Landini, editing by Giulia Segreti)
The main topic is the joint venture between Eni and Petronas to manage upstream assets in Indonesia and Malaysia.
The joint venture is expected to generate substantial synergies and position the companies as major LNG players in the region.
The joint venture will manage around 3 billion barrels of oil equivalent with an additional 10 billion BoE potential exploration upside.
Explore more articles in the Finance category
