Brief: Eni, Petronas Officially Establish Searah, Creating South-East Asia’S Leading Independent Integrated Energy Company

Eni SpA

08/06/2026 08:12

June 8 (Reuters) - Eni SpA ENI.MI:
ENI AND PETRONAS OFFICIALLY ESTABLISH SEARAH, CREATING SOUTH-EAST ASIA’S LEADING INDEPENDENT INTEGRATED ENERGY COMPANY
NEW 50/50 INDEPENDENT JOINT VENTURE COMBINING KEY BUSINESSES ACROSS INDONESIA AND MALAYSIA
INITIAL PRODUCTION BASE IN EXCESS OF 300,000 BOE/D, AIMING TO EXCEED 500,000 BOE/D OF SUSTAINABLE PRODUCTION WITHIN NEXT THREE YEARS
ALL REQUIRED REGULATORY, GOVERNMENTAL, AND PARTNER APPROVALS IN BOTH MALAYSIA AND INDONESIA HAVE BEEN OBTAINED
USD 6 BILLION REVOLVING CREDIT FACILITY  SUCCESSFULLY SECURED, SEARAH’S GROWTH PLANS INCLUDE PIPELINE OF EXPECTED INVESTMENT FOR OVER USD 20 BILLION OVER NEXT FIVE YEARS
Further company coverage: ENI.MI

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