Investing.com - Financial Markets Worldwide

EnQuest honored as Malaysia PAC Operator of the Year

Published 10/06/2025, 07:10
EnQuest honored as Malaysia PAC Operator of the Year
ENQ
-0.74%

KUALA LUMPUR - EnQuest Malaysia has been recognized with the Operator of the Year award at the PETRONAS Emerald Awards ceremony, marking the second consecutive year the company has received this distinction. This achievement highlights EnQuest’s operational excellence and commitment to sustainability in the Malaysian upstream sector.

The Emerald Awards, hosted by Malaysia’s national oil company PETRONAS, acknowledge the accomplishments of upstream operators in both technical and non-technical areas. EnQuest stood out among its peers for its operational performance, corporate governance, regulatory compliance, and collaboration efforts in 2024. The theme of this year’s awards, ’Advancing Progress Towards a Sustainable Future’, aligns with EnQuest’s focus on innovation and sustainability.

EnQuest’s success in Malaysia is part of its broader strategy to expand its presence in South East Asia. The company has recently undertaken several growth initiatives, including the DEWA Production Sharing Contract (PSC) and the Seligi 1b gas agreement in Malaysia, the acquisition of Harbour Energy’s Vietnam business, and the PSC awards at Gaea and Gaea II in Indonesia. These steps are in line with EnQuest’s goal to increase its South East Asian production to over 35,000 barrels of oil equivalent per day (Boepd) by the end of the decade.

Radzif Ahmed, South East Asia General Manager for EnQuest, expressed pride in the company’s achievements, citing the honor as a testament to the team’s dedication and the shared vision with PETRONAS for advancing Malaysia’s upstream sector. He also noted EnQuest’s decade-long presence in the country, its commitment to health, safety, and environmental excellence, and its continued growth in the region.

This news is based on a press release statement from EnQuest PLC, which reflects the company’s recent accolades and strategic developments in South East Asia.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.