Eni and Petronas establish Southeast Asia gas joint venture (decode39.com)

• Eni and Petronas form 50-50 JV Searah for Southeast Asian gas.
• Initial production over 300,000 boe/d, aiming for 500,000 boe/d in 3 years.
• Eni also reports Libyan gas discoveries alongside the venture.

"Eni and Malaysia's Petronas formally launched Searah, a 50-50 joint venture combining gas assets in Indonesia and Malaysia. The venture starts with over 300,000 barrels of oil equivalent per day (boe/d) from 19 assets, targeting more than 500,000 boe/d within three years. The move aligns with Eni's satellite strategy to create focused, high-quality businesses."