<p>Eni S.p.A. and PETRONAS are set to establish a jointly owned company (NewCo) to manage 19 upstream blocks across Indonesia and Malaysia, including the Muara Bakau PSC where Eni recently announced a significant gas discovery. The partnership will combine both companies’ portfolios, technical and financial strengths, and regional expertise, with plans to invest over USD 15 billion in the next five years. This investment aims to develop at least eight new projects, drill 15 exploration wells, and unlock substantial oil and gas reserves across Southeast Asia. Closing of the joint venture is expected within 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eni S.p.A. published the original content used to generate this news brief on December 09, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here</p>

EIPAF

<p>Eni and PETRONAS are forming a jointly owned company to manage 19 upstream blocks in Indonesia and Malaysia, investing over USD 15 billion in the next five years. The partnership aims to develop new projects, drill exploration wells, and unlock oil and gas reserves. The joint venture is expected to close by 2026.</p>

Eni and PETRONAS Form NewCo to Manage Southeast Asia Energy Assets