Petronas, via Malaysia Petroleum Management, has confirmed two new agreements for exploration and development offshore Sabah, Malaysia, according to a July 4 company press release. At the Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2025, Petronas, ConocoPhillips Malaysia New Ventures and Pertamina Hulu Energi signed a technical evaluation agreement for the frontier Layang-Layang Basin, covering a 44,500-sq-km offshore area. The agreement should lead to subsurface studies, including regional geological assessments and detailed prospectivity analysis. In addition, Petronas formalized a memorandum of understanding with DIALOG Resources to advance development of the Mutiara Cluster offshore Sabah's east coast.