Kuching in Sarawak, Malaysia
Upstream independent forms Malaysian JV
Upland Resources is seeking opportunities near Brunei
London-listed independent Upland Resources and Malaysian consultancy Big Oil Ventures have agreed terms to form a new joint venture, called Upland Big Oil, to develop upstream assets in Sarawak, Malaysia. The companies will fund a joint technical study to examine and “de-risk” block SK334. An agreement to carry out the survey is already in place with Petroleum Sarawak, the provincial oil company owned by the Sarawak state government. The studies are due to be complete by the end of 2023. The SK334 block is located onshore in northern Sarawak and borders producing oilfields in Brunei. “Oil production in this sedimentary basin has occurred for many decades,” notes Upland, citing Brunei's Seria
Also in this section
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
