Rome, June 8 (LaPresse) – Eni and PETRONAS announce that Searah, a new independent 50/50 joint venture bringing together key assets in Indonesia and Malaysia, has been officially established just seven months after the signing of the investment agreement on November 3, 2025, and 16 months after the memorandum of understanding announced in February 2025. Searah combines complementary portfolios, expertise and regional experience with the aim of ensuring long-term value creation and operational excellence in Indonesia and Malaysia. With a portfolio of 19 production and gas development assets – 14 in Indonesia and 5 in Malaysia – Searah will start with an initial production of over 300,000 boe/day, with the goal of exceeding 500,000 boe/day of sustainable production within the next three years. All necessary regulatory, governmental and partner approvals have been obtained in both Malaysia and Indonesia, and all conditions precedent have been satisfied.