On top of that, two other discoveries were made within the Malay Basin off the east coast of Peninsular Malaysia. The contractors involved in the discoveries include Petronas Carigali Sdn Bhd, Hibiscus Oil and Gas Malaysia Ltd, and Thailand's PTT Exploration and Production Public Company Ltd. Petronas senior vice-president of Malaysia Petroleum Management (MPM) Mohamed Firouz Asnan said the exploration success validates the company's belief that there is more potential within the so-called matured Malaysian basins. The explorations were done using new 3D seismic data and the latest software technologies to better detect deeper hydrocarbon potentials. "We fully support our partners' adoption of new exploration strategies which focus on near-field potential, that will enable quicker monetisation of the discoveries. This is crucial in meeting the rising energy demand not just in Malaysia but also to countries in the region," he said.