Petronas seeks drillship for ultra-deepwater well

AI Briefing

• – Malaysia's state-owned oil and gas company Petronas is seeking a drillship to explore the Redha prospect, a potential ultra-deepwater well located on the remote Bobara PSC offshore Indonesia.
• – The Redha prospect is considered a high-risk, high-reward opportunity, with estimates suggesting it could hold up to 180 million barrels of oil.
• – Petronas is expected to select a drillship by the end of this year to undertake the exploration work.