Petronas logos are pictured at a fuel station in Serdang, Malaysia March 4, 2021. 

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) said on Tuesday it had launched the Malaysia Bid Round 2025 with offers of exploration blocks in Peninsular Malaysia and Sabah.

The offer, through Malaysia Petroleum Management (MPM), includes five exploration blocks in the Malay and Penyu Basins, offshore Peninsular Malaysia, and the Sandakan Basin, off the coast of Sabah, the firm said in a statement.

It said these exploration blocks presented diverse geological plays with significant resource potential.

Three discovered resource opportunity (DRO) clusters in shallow waters near existing infrastructures and potential gas markets are also included in the bid round.

The firm said it concluded its Malaysia Bid Round 2024 with the signing of two production-sharing contracts (PSCs) for blocks located off the coast of Sabah.

Petronas said that a total of 14 new PSCs were signed during the 2024 round, involving 12 different operators.