What are the projected net income, revenue, and total assets for the Eni-Petronas joint venture SEARAH by 2030?

According to preliminary estimates cited by Italian daily Il Messaggero, the Eni-Petronas joint venture SEARAH is expected to achieve a net income of $2.7 billion and revenue of $6.7 billion in 2030, with total assets valued at $27.3 billion.

What is the scope and timeline of SEARAH’s upstream operations and financial backing?

SEARAH is an upstream joint venture focused on developing and producing natural gas in Malaysia and Indonesia, targeting a medium-term output of approximately 500,000 barrels of oil equivalent per day; it is scheduled to become operational by the end of June, and a pool of international banks is structuring an initial $6 billion revolving credit facility to support its investments from 2026 to 2030.

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Eni-Petronas JV seen reaching $2.7 billion net income in 2030, Italian daily reports

May 27, 2026

Eni and Petronas' SEARAH joint venture projects $2.7 billion net income and $6.7 billion revenue by 2030, focusing on natural gas in Malaysia and Indonesia. Operational by late June, the venture secures a $6 billion credit facility for investments.

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Eni-Petronas JV seen reaching $2.7 billion net income in 2030, Italian daily reports

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