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A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain SINGAPORE, June 27 (Reuters) – Malaysia’s state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration head said on Tuesday. About 60-70% of its production is natural gas and will remain so going forward, Adif Zulkifli, executive vice president & CEO upstream, said at the Energy Asia conference. "We continue to look for more gas portfolio, but of course, there is commitment in Malaysia, I think we need to continue to do some oil exploration to fill up our refineries," he added. Advertisement · Scroll to continue Petronas also aims to expand its overseas portfolio to 700,000 boepd as it ramps up output from its Canada LNG joint venture, Adif said. It owns 25% of the 14 million metric tons per year LNG Canada project in Kitimat, British Columbia, led by Shell (SHEL.L) . Petronas recorded an average production of 2.4 million boepd in 2022, including domestic and overseas output, it said in its fourth-quarter earnings announcement.
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