The Petronas FP1, or as it was also known the Foggy Petronas FP1, was a homologation sports bike built in 2003.

150 road going examples were built to comply with the Superbike World Championship rules. 75 of the bikes were built in the UK, while the other 75 were built in Malaysia.

Unfortunatley for Foggy Petronas Racing, the team behind the bike, they had developed it to comply with 2002 Superbike World Championship rules which limited engine displacement to 900cc. In 2003 however this was raised to 1,000cc. Therefore the bike was slightly less powerful than it could have been.

Despite this, the racing version managed a number of wins in the 2003 and 2004 seasons. By 2006 however it was outclassed and retired.

Petronas had hoped to turn the FP1 into a business success, manufacturing the bikes in Malaysia and selling them worldwide. Unfortunatley this didn't pan out, and instead the company lost many millions on the project before abandoning it entirely.

Interestingly, in 2010 a brand-new batch of 60 unregistered Petronas FP1 motorcycles were found in a wharehouse in Essex, UK. The bikes are still held there under a confidentiallity agreement with Petronas in Malaysia. The estimated value of the collection is roughly $3 million.