What is the name, ownership structure, and geographic scope of the new joint venture launched by Eni and Petronas?

The new joint venture is named Searah and operates as a 50-50 partnership between Italy's Eni and Malaysia's Petronas. It combines key energy businesses across Indonesia and Malaysia, holding a portfolio of 19 gas-producing and development assets—14 in Indonesia and 5 in Malaysia.

What is Eni's 'satellite strategy', and how does the Searah joint venture fit into it?

Eni's 'satellite strategy' involves spinning off specific assets to develop them separately with a partner; the Searah joint venture is an implementation of this strategy, as it represents the spin-off and independent development of Eni's and Petronas's combined gas assets in Southeast Asia.

Eni and Petronas launch gas joint venture in Southeast Asia

Jun 8, 2026

Italy's Eni and Malaysia's Petronas established Searah, a 50-50 joint venture managing 19 gas assets in Indonesia and Malaysia, targeting sustainable production exceeding 500,000 boe/d within three years.

reuters

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Eni and Petronas Establish Joint Venture Company Searah