Eni, Petronas launch Searah JV for Indonesian and Malaysian assets
Key takeaways
- Eni, Petronas launch Searah JV for Indonesian and Malaysian assets The JV plans to invest more than $20bn in the next five years to develop in excess of 3bboe in discovered resources.
- This development follows the signing of an investment agreement in November 2025 and an earlier memorandum of understanding in February 2025.
- Searah will start operations with 19 assets, 14 of which are located in Indonesia and five in Malaysia.
Eni, Petronas launch Searah JV for Indonesian and Malaysian assets The JV plans to invest more than $20bn in the next five years to develop in excess of 3bboe in discovered resources. Credit: James Jones Jr/Shutterstock.com. · Offshore Technology · James Jones Jr/Shutterstock.com. Shree Mishra Tue, June 9, 2026 at 5:36 PM GMT+7 3 min read 6033.KL E Eni and Petronas have finalised the establishment of Searah, a 50:50 independent joint venture (JV) that will oversee a significant portfolio of gas-producing and development assets in Indonesia and Malaysia.
This development follows the signing of an investment agreement in November 2025 and an earlier memorandum of understanding in February 2025.
Searah will start operations with 19 assets, 14 of which are located in Indonesia and five in Malaysia.